Former state university employee Carlson paid in $183K to pension fund, could collect $5.98M in retirement

By Local Labs News Service

Jul 1, 2018

Former state university employee Tammy Carlson, who retired in June 2018, saved $183,398 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Carlson would collect as much as $5.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Carlson received $125,724 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Carlson will have already received $255,220 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Illinois State University

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