Quantcast

Chicago City Wire

Friday, April 19, 2024

Former state university employee Skiadopoulos paid in $16K to pension fund, could collect $694K in retirement

Shutterstock 225154648

Former state university employee Christine Skiadopoulos, who retired in December 2017, saved $16,226 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Skiadopoulos would collect as much as $693,649, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Skiadopoulos received $14,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Skiadopoulos will have already received $29,597 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS