Quantcast

Chicago City Wire

Thursday, April 25, 2024

Former state university employee Navrotski paid in $20K to pension fund, could collect $265K in retirement

Shutterstock 443523112

Former state university employee Sarah Navrotski, who retired in December 2018, saved $20,422 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Navrotski would collect as much as $265,470, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Navrotski received $5,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Navrotski will have already received $23,343 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS