Quantcast

Will County Gazette

Saturday, April 20, 2024

Former state university employee Jankowski paid in $34K to pension fund, could collect $429K in retirement

Shutterstock 381111379

Former state university employee Deborah Jankowski, who retired in April 2019, saved $34,415 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jankowski would collect as much as $429,320, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Jankowski received $9,024 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jankowski will have already received $37,754 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