Quantcast

McLean County Times

Saturday, April 27, 2024

Former state university employee Walker paid in $10K to pension fund, could collect $463K in retirement

Money 03

Former state university employee Shari Walker, who retired in September 2016, saved $10,305 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Walker would collect as much as $462,632, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Walker received $9,724 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Walker will have already received $19,740 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