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Lake County Gazette

Tuesday, November 26, 2024

Former state university employee Lopresti paid in $234K to pension fund, could collect $6.63M in retirement

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Former state university employee Lauren Lopresti, who retired in September 2016, saved $233,582 toward a pension over 36 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lopresti would collect as much as $6.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Lopresti received $139,286 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lopresti will have already received $282,751 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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