Former state university employee Bessler paid in $58K to pension fund, could collect $1.35M in retirement

By Local Labs News Service

Feb 1, 2018

Former state university employee Margaret Bessler, who retired in January 2018, saved $58,034 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bessler would collect as much as $1.35 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Bessler received $28,372 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bessler will have already received $87,695 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Joliet Junior College

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