Quantcast

West Central Reporter

Friday, April 26, 2024

Former state university employee Ellickson Coplan paid in $57K to pension fund, could collect $1.12M in retirement

Shutterstock 121161052

Former state university employee Jane Ellickson Coplan, who retired in June 2017, saved $57,454 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ellickson Coplan would collect as much as $1.12 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Ellickson Coplan received $23,633 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ellickson Coplan will have already received $73,047 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS