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North Cook News

Saturday, May 17, 2025

Former state university employee Janowski paid in $5K to pension fund, could collect $88K in retirement

Money 04

Former state university employee Sandra Janowski, who retired in June 2017, saved $5,447 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Janowski would collect as much as $88,438, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Janowski received $1,858 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Janowski will have already received $5,743 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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