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Chicago City Wire

Thursday, April 18, 2024

Former state university employee Brockington paid in $228 to pension fund, could collect $111K in retirement

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Former state university employee Carol Brockington, who retired in February 2016, saved $228 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brockington would collect as much as $111,075, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Brockington received $2,334 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Brockington will have already received $2,334 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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