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Macon Reporter

Sunday, December 22, 2024

Former state university employee Schilawski paid in $785 to pension fund, could collect $70K in retirement

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Former state university employee Sara Schilawski, who retired in April 2017, saved $785 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Schilawski would collect as much as $69,547, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Schilawski received $1,461 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Schilawski will have already received $1,461 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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