Former state university employee Trempe paid in $2K to pension fund, could collect $75K in retirement

By Local Labs News Service

Jan 1, 2017

Former state university employee Susan Trempe, who retired in December 2016, saved $1,750 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Trempe would collect as much as $75,125, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Trempe received $1,579 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Trempe will have already received $3,205 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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City Colleges of Chicago

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