Former state university employee Tomanek paid in $52K to pension fund, could collect $1.99M in retirement

By Local Labs News Service

May 1, 2018

Former state university employee Joyce Tomanek, who retired in April 2018, saved $51,800 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Tomanek would collect as much as $1.99 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tomanek received $41,784 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Tomanek will have already received $84,822 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Chicago

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