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Former state university employee Roberts Tolliver paid in $43K to pension fund, could collect $611K in retirement

Schools

By Local Labs News Service | May 1, 2017

Money 01

Former state university employee Leslie Roberts Tolliver, who retired in April 2017, saved $43,388 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Roberts Tolliver would collect as much as $610,662, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Roberts Tolliver received $12,835 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Roberts Tolliver will have already received $53,698 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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