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Dupage Policy Journal

Saturday, April 20, 2024

Former state university employee Beckley paid in $856 to pension fund, could collect $46K in retirement

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Former state university employee Laura Beckley, who retired in February 2017, saved $856 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Beckley would collect as much as $45,529, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Beckley received $957 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Beckley will have already received $957 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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