Quantcast

Chicago City Wire

Sunday, August 3, 2025

Former state university employee Wisniewski paid in $21K to pension fund, could collect $274K in retirement

Shutterstock 65427295

Former state university employee Carol Wisniewski, who retired in May 2018, saved $21,031 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wisniewski would collect as much as $274,051, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Wisniewski received $5,760 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Wisniewski will have already received $24,098 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS