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Chicago City Wire

Saturday, May 31, 2025

Former state university employee Cook paid in $79K to pension fund, could collect $2.2M in retirement

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Former state university employee Vanessa Cook, who retired in March 2016, saved $79,415 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cook would collect as much as $2.2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Cook received $46,239 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Cook will have already received $93,865 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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