Quantcast

Chambana Sun

Thursday, April 25, 2024

Former state university employee Dilley paid in $52K to pension fund, could collect $932K in retirement

Money 07

Former state university employee Jeffrey Dilley, who retired in June 2018, saved $51,639 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dilley would collect as much as $931,791, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Dilley received $19,585 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dilley will have already received $60,536 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