Chicago City Wire

Chicago City Wire

Tuesday, March 31, 2020

Former state university employee Metcalf paid in $60K to pension fund, could collect $948K in retirement


By Local Labs News Service | Sep 1, 2018


Former state university employee Luevenia Metcalf, who retired in August 2018, saved $59,607 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Metcalf would collect as much as $947,599, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Metcalf received $19,917 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Metcalf will have already received $61,562 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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