Former state university employee Kopelousos paid in $144K to pension fund, could collect $2.85M in retirement

By Local Labs News Service

Jul 1, 2018

Former state university employee Katherine Kopelousos, who retired in June 2018, saved $144,016 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kopelousos would collect as much as $2.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Kopelousos received $60,000 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kopelousos will have already received $185,454 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

Lewis And Clark Community College

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate