Former state university employee Lampson paid in $12K to pension fund, could collect $449K in retirement

By Local Labs News Service

Apr 1, 2017

Former state university employee Denise Lampson, who retired in March 2017, saved $11,627 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lampson would collect as much as $449,456, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Lampson received $9,447 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lampson will have already received $19,177 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Illinois Valley Community College

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