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Peoria Standard

Saturday, November 23, 2024

Former state university employee Durre paid in $33K to pension fund, could collect $405K in retirement

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Former state university employee Bonnie Durre, who retired in February 2017, saved $33,184 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Durre would collect as much as $404,743, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Durre received $8,507 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Durre will have already received $35,590 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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