Quantcast

Chicago City Wire

Sunday, August 3, 2025

Former state university employee Baker paid in $111K to pension fund, could collect $2.51M in retirement

Shutterstock 197358977

Former state university employee Diane Baker, who retired in May 2018, saved $110,598 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Baker would collect as much as $2.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Baker received $52,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Baker will have already received $163,029 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS