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Chicago City Wire

Tuesday, April 23, 2024

Former state university employee Muzurovic paid in $2K to pension fund, could collect $71K in retirement

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Former state university employee Jasmina Muzurovic, who retired in September 2016, saved $1,786 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Muzurovic would collect as much as $70,797, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Muzurovic received $1,488 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Muzurovic will have already received $3,021 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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