Former state university employee Marshall paid in $194K to pension fund, could collect $4.88M in retirement

By Local Labs News Service

Jun 1, 2016

Former state university employee Lynette Marshall, who retired in May 2016, saved $194,037 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marshall would collect as much as $4.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marshall received $102,545 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Marshall will have already received $208,166 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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