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Kane County Reporter

Monday, November 25, 2024

Former state university employee Sutcliff paid in $15K to pension fund, could collect $229K in retirement

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Former state university employee Christine Sutcliff, who retired in January 2017, saved $14,728 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sutcliff would collect as much as $229,064, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Sutcliff received $4,814 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sutcliff will have already received $14,879 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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