Quantcast

South Cook News

Saturday, April 20, 2024

Former state university employee Bruckner paid in $10K to pension fund, could collect $248K in retirement

Shutterstock 267646277

Former state university employee Barry Bruckner, who retired in January 2018, saved $10,428 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bruckner would collect as much as $247,944, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Bruckner received $5,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bruckner will have already received $10,578 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