Quantcast

Carbondale Reporter

Tuesday, December 24, 2024

Former state university employee Carraminana paid in $148K to pension fund, could collect $3.41M in retirement

Money 03

Former state university employee Rodrigo Carraminana, who retired in July 2017, saved $147,672 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Carraminana would collect as much as $3.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Carraminana received $71,648 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Carraminana will have already received $221,456 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