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Chicago City Wire

Monday, January 27, 2020

Former state university employee Jamison paid in $90K to pension fund, could collect $2.47M in retirement

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By Local Labs News Service | Feb 1, 2017

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Former state university employee Yolynda Jamison, who retired in January 2017, saved $89,974 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jamison would collect as much as $2.47 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jamison received $51,994 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Jamison will have already received $105,548 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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