Quantcast

Illinois Valley Times

Monday, April 28, 2025

Former state university employee Yanko paid in $234 to pension fund, could collect $35K in retirement

Money 02

Former state university employee Gary Yanko, who retired in November 2018, saved $234 toward a pension over 1 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Yanko would collect as much as $35,253, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Yanko received $741 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Yanko will have already received $741 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS