Former state university employee Wilkins paid in $58K to pension fund, could collect $1.14M in retirement

By Local Labs News Service

Feb 1, 2016

Former state university employee Marla Wilkins, who retired in January 2016, saved $58,060 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wilkins would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Wilkins received $24,045 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilkins will have already received $74,320 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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