Former state university employee Rogers paid in $40K to pension fund, could collect $261K in retirement

By Local Labs News Service

Dec 1, 2018

Former state university employee Tina Rogers, who retired in November 2018, saved $40,185 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rogers would collect as much as $260,903, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Rogers received $5,484 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 7 years of retirement, Rogers will have already received $42,024 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Lewis And Clark Community College

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