Former state university employee Buckley paid in $18K to pension fund, could collect $344K in retirement

By Rock Island Today Reports

May 1, 2017

Former state university employee Rita Buckley, who retired in April 2017, saved $17,565 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Buckley would collect as much as $343,502, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Buckley received $7,220 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Buckley will have already received $22,317 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

Black Hawk College

!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