Quantcast

West Cook News

Friday, April 26, 2024

Former state university employee Nakashima paid in $55K to pension fund, could collect $1.13M in retirement

Money836

Former state university employee Anna Nakashima, who retired in July 2017, saved $55,498 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Nakashima would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Nakashima received $23,651 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nakashima will have already received $73,104 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS