Quantcast

Chicago City Wire

Saturday, August 2, 2025

Former state university employee Baranowski paid in $13K to pension fund, could collect $552K in retirement

Shutterstock 197358977

Former state university employee Ellen Baranowski, who retired in July 2018, saved $13,153 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Baranowski would collect as much as $551,659, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Baranowski received $11,595 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Baranowski will have already received $23,538 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS