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Rock Island Today

Saturday, November 23, 2024

Former state university employee Thuline paid in $5K to pension fund, could collect $94K in retirement

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Former state university employee Catherine Thuline, who retired in March 2016, saved $4,571 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Thuline would collect as much as $94,147, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Thuline received $1,978 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thuline will have already received $6,113 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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