Former state university employee Bradley paid in $18K to pension fund, could collect $466K in retirement

By Local Labs News Service

Oct 1, 2016

Former state university employee Maureen Bradley, who retired in September 2016, saved $17,716 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bradley would collect as much as $466,126, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Bradley received $9,797 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bradley will have already received $19,888 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Illinois State University

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