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Chicago City Wire

Friday, May 23, 2025

Former state university employee Drambarean paid in $78K to pension fund, could collect $1.86M in retirement

Money272

Former state university employee Maria Drambarean, who retired in January 2016, saved $77,764 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Drambarean would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Drambarean received $39,085 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Drambarean will have already received $79,343 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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