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Chambana Sun

Saturday, April 20, 2024

Former state university employee Enghausen paid in $88K to pension fund, could collect $2.12M in retirement

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Former state university employee Tonya Enghausen, who retired in March 2017, saved $87,553 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Enghausen would collect as much as $2.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Enghausen received $44,478 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Enghausen will have already received $90,290 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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