Former state university employee McEndree paid in $10K to pension fund, could collect $298K in retirement

By Local Labs News Service

Oct 1, 2017

Former state university employee Mary McEndree, who retired in September 2017, saved $9,822 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McEndree would collect as much as $298,189, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.

The projection assumes McEndree received $6,267 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McEndree will have already received $12,722 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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