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Carbondale Reporter

Saturday, November 23, 2024

Former state university employee Bragg paid in $17K to pension fund, could collect $262K in retirement

Money 03

Former state university employee Donna Bragg, who retired in June 2017, saved $16,805 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bragg would collect as much as $261,794, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Bragg received $5,502 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bragg will have already received $17,006 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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