Dupage Policy Journal

Dupage Policy Journal

Tuesday, November 19, 2019

Former state university employee Brauch paid in $71K to pension fund, could collect $1.01M in retirement

Schools

By Local Labs News Service | Mar 1, 2019

Shutterstock 469426916

Former state university employee Jennifer Brauch, who retired in February 2019, saved $70,916 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brauch would collect as much as $1.01 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Brauch received $21,216 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Brauch will have already received $88,759 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

Want to get notified whenever we write about College of Dupage ?

Sign-up Next time we write about College of Dupage, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

College of Dupage

More News