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DeKalb Times

Saturday, November 16, 2024

Former state university employee Tattersall paid in $111K to pension fund, could collect $1.98M in retirement

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Former state university employee Patricia Tattersall, who retired in July 2018, saved $110,859 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tattersall would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Tattersall received $41,556 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tattersall will have already received $128,446 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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