Former state university employee Estrada paid in $2K to pension fund, could collect $87K in retirement
Over 30 years of retirement, Estrada would collect as much as $86,948, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Estrada received $1,827 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Estrada will have already received $3,709 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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