Quantcast

DeKalb Times

Tuesday, April 16, 2024

Former state university employee Bahramis paid in $27K to pension fund, could collect $579K in retirement

Shutterstock 267646277

Former state university employee Konstantina Bahramis, who retired in September 2017, saved $26,993 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bahramis would collect as much as $578,800, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Bahramis received $12,165 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bahramis will have already received $37,601 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