Former state university employee Hall paid in $16K to pension fund, could collect $394K in retirement

By Local Labs News Service

Aug 1, 2018

Former state university employee Sandra Hall, who retired in July 2018, saved $16,083 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hall would collect as much as $394,107, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hall received $8,283 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hall will have already received $16,814 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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