Will County Gazette

Will County Gazette

Saturday, October 19, 2019

Former state university employee Jankowski paid in $34K to pension fund, could collect $429K in retirement

Schools

By Local Labs News Service | May 22, 2019


Former state university employee Deborah Jankowski, who retired in April 2019, saved $34,415 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jankowski would collect as much as $429,320, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Jankowski received $9,024 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jankowski will have already received $37,754 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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