Former state university employee Tucker paid in $7K to pension fund, could collect $232K in retirement

By Local Labs News Service

Feb 1, 2016

Former state university employee Barbara Tucker, who retired in January 2016, saved $6,932 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tucker would collect as much as $232,232, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Tucker received $4,881 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Tucker will have already received $9,908 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois System Office

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