Rock Island Today

Rock Island Today

Sunday, January 26, 2020

Former state university employee Trulson paid in $38K to pension fund, could collect $637K in retirement


By Rock Island Today Reports | Feb 1, 2017

Money 02

Former state university employee Mark Trulson, who retired in January 2017, saved $37,648 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Trulson would collect as much as $636,718, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Trulson received $13,383 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Trulson will have already received $41,365 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

Want to get notified whenever we write about Black Hawk College ?

Sign-up Next time we write about Black Hawk College, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Black Hawk College

More News