Quantcast

North Cook News

Sunday, November 24, 2024

Former state university employee Kruczinski paid in $120K to pension fund, could collect $2.93M in retirement

Shutterstock 267646277

Former state university employee Susan Kruczinski, who retired in December 2016, saved $120,015 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kruczinski would collect as much as $2.93 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Kruczinski received $61,531 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kruczinski will have already received $124,908 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