Quantcast

McLean County Times

Monday, November 25, 2024

Former state university employee Zeigler paid in $63K to pension fund, could collect $1.2M in retirement

Money 06

Former state university employee Todd Zeigler, who retired in October 2016, saved $63,301 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Zeigler would collect as much as $1.2 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Zeigler received $25,126 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zeigler will have already received $77,662 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