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Chicago City Wire

Friday, May 3, 2024

Former state university employee Truty paid in $68K to pension fund, could collect $1.15M in retirement

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Former state university employee Daniela Truty, who retired in June 2016, saved $67,892 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Truty would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Truty received $24,191 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Truty will have already received $74,773 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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