Quantcast

Chicago City Wire

Wednesday, August 6, 2025

Former state university employee Kolossov paid in $65K to pension fund, could collect $988K in retirement

Money 02

Former state university employee Vladimir Kolossov, who retired in January 2018, saved $64,844 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kolossov would collect as much as $988,453, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kolossov received $20,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kolossov will have already received $86,918 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS