Former state university employee Ezeugwu paid in $3K to pension fund, could collect $98K in retirement

By Rock Island Today Reports

Sep 1, 2017

Former state university employee Yolanda Ezeugwu, who retired in August 2017, saved $2,721 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ezeugwu would collect as much as $97,556, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Ezeugwu received $2,050 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ezeugwu will have already received $4,162 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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