Quantcast

Sangamon Sun

Monday, May 12, 2025

Former state university employee Mafla paid in $45K to pension fund, could collect $665K in retirement

Shutterstock 113962678

Former state university employee Joji Mafla, who retired in October 2018, saved $45,473 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mafla would collect as much as $664,533, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Mafla received $13,968 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Mafla will have already received $58,438 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS