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South Cook News

Friday, April 19, 2024

Former state university employee Piaskowy paid in $4K to pension fund, could collect $103K in retirement

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Former state university employee Carol Piaskowy, who retired in March 2018, saved $3,926 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Piaskowy would collect as much as $102,785, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Piaskowy received $2,160 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Piaskowy will have already received $4,385 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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