Quantcast

Metro East Sun

Saturday, November 23, 2024

Former state university employee Ledzewicz paid in $218K to pension fund, could collect $4.86M in retirement

Shutterstock 121161052

Former state university employee Urszula Ledzewicz, who retired in January 2016, saved $218,078 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ledzewicz would collect as much as $4.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Ledzewicz received $102,214 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ledzewicz will have already received $315,932 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!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

MORE NEWS