Former state university employee Robertson paid in $245K to pension fund, could collect $4.58M in retirement

By Local Labs News Service

Feb 1, 2019

Former state university employee Hugh Robertson, who retired in January 2019, saved $244,775 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Robertson would collect as much as $4.58 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Robertson received $96,336 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Robertson will have already received $297,765 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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