Former state university employee Bettis paid in $2K to pension fund, could collect $150K in retirement

By Rock Island Today Reports

Apr 1, 2017

Former state university employee Patricia Bettis, who retired in March 2017, saved $2,400 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bettis would collect as much as $150,056, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Bettis received $3,154 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Bettis will have already received $3,154 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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