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West Cook News

Friday, April 19, 2024

Former state university employee Wysocki paid in $17K to pension fund, could collect $877K in retirement

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Former state university employee Debra Wysocki, who retired in October 2017, saved $17,372 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wysocki would collect as much as $877,258, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Wysocki received $18,439 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Wysocki will have already received $18,439 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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