Chicago City Wire

Chicago City Wire

Saturday, November 16, 2019

Former state university employee Anderegg paid in $19K to pension fund, could collect $632K in retirement


By Local Labs News Service | Jul 1, 2017

Money 03

Former state university employee Connie Anderegg, who retired in June 2017, saved $19,041 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Anderegg would collect as much as $632,454, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Anderegg received $13,293 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Anderegg will have already received $26,985 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

Want to get notified whenever we write about University of Illinois at Urbana Champaign ?

Sign-up Next time we write about University of Illinois at Urbana Champaign, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

University of Illinois at Urbana Champaign

More News