Chicago City Wire

Chicago City Wire

Tuesday, January 21, 2020

Former state university employee Koutsouris paid in $58K to pension fund, could collect $929K in retirement

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By Local Labs News Service | Oct 1, 2018

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Former state university employee Athanasia Koutsouris, who retired in September 2018, saved $58,333 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Koutsouris would collect as much as $928,811, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Koutsouris received $19,522 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Koutsouris will have already received $60,341 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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