Quantcast

Chicago City Wire

Saturday, May 24, 2025

Former state university employee Ellenberger paid in $33K to pension fund, could collect $572K in retirement

Money 08

Former state university employee Elizabeth Ellenberger, who retired in April 2017, saved $33,293 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ellenberger would collect as much as $571,841, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ellenberger received $12,019 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ellenberger will have already received $37,150 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS