Quantcast

McLean County Times

Monday, November 25, 2024

Former state university employee Drazewski paid in $6K to pension fund, could collect $141K in retirement

Shutterstock 121161052

Former state university employee Scott Drazewski, who retired in July 2016, saved $5,688 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Drazewski would collect as much as $141,110, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Drazewski received $2,966 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Drazewski will have already received $6,021 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