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Carbondale Reporter

Friday, April 19, 2024

Former state university employee Laser paid in $534 to pension fund, could collect $183K in retirement

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Former state university employee Christine Laser, who retired in July 2018, saved $534 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Laser would collect as much as $182,689, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Laser received $3,840 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Laser will have already received $3,840 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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