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DeKalb Times

Monday, November 25, 2024

Former state university employee Tyska paid in $91K to pension fund, could collect $2.24M in retirement

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Former state university employee Pamela Tyska, who retired in January 2017, saved $91,332 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tyska would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Tyska received $47,142 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Tyska will have already received $95,698 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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