Chicago City Wire

Chicago City Wire

Monday, November 18, 2019

Former state university employee Starsky paid in $70K to pension fund, could collect $1.31M in retirement

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By Local Labs News Service | Feb 1, 2019

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Former state university employee Brandy Starsky, who retired in January 2019, saved $70,230 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Starsky would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Starsky received $27,552 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Starsky will have already received $85,161 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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