Quantcast

McLean County Times

Sunday, November 24, 2024

Former state university employee Turilli paid in $49K to pension fund, could collect $819K in retirement

Shutterstock 113962678

Former state university employee Laurie Turilli, who retired in January 2017, saved $48,975 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Turilli would collect as much as $819,140, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Turilli received $17,217 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Turilli will have already received $53,217 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