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Chicago City Wire

Saturday, August 2, 2025

Former state university employee Baron paid in $91K to pension fund, could collect $5.69M in retirement

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Former state university employee Dennis Baron, who retired in June 2018, saved $91,064 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Baron would collect as much as $5.69 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Baron received $119,659 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Baron will have already received $119,659 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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