Quantcast

Carbondale Reporter

Monday, December 23, 2024

Former state university employee Moos paid in $4K to pension fund, could collect $148K in retirement

Shutterstock 249974521

Former state university employee Mary Moos, who retired in July 2017, saved $4,325 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Moos would collect as much as $147,795, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Moos received $3,106 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Moos will have already received $6,305 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS