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Chicago City Wire

Friday, May 30, 2025

Former state university employee Marone paid in $133K to pension fund, could collect $2.37M in retirement

Money272

Former state university employee Jane Marone, who retired in June 2018, saved $133,385 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Marone would collect as much as $2.37 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Marone received $49,762 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marone will have already received $153,810 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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