Chicago City Wire

Chicago City Wire

Friday, January 17, 2020

Former state university employee Markham paid in $67K to pension fund, could collect $1.4M in retirement


By Local Labs News Service | Jan 1, 2018


Former state university employee Amy Markham, who retired in December 2017, saved $67,122 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Markham would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Markham received $29,350 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Markham will have already received $90,719 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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