Quantcast

McLean County Times

Saturday, April 20, 2024

Former state university employee Boser paid in $196K to pension fund, could collect $4.03M in retirement

Shutterstock 225154648

Former state university employee Richard Boser, who retired in June 2017, saved $195,536 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Boser would collect as much as $4.03 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Boser received $84,674 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Boser will have already received $261,718 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