Former state university employee Marichev paid in $86K to pension fund, could collect $1.42M in retirement

By Local Labs News Service

Feb 1, 2018

Former state university employee Anna Marichev, who retired in January 2018, saved $85,981 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marichev would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marichev received $29,950 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marichev will have already received $92,573 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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