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Sangamon Sun

Friday, October 10, 2025

Former state university employee Baloun paid in $30K to pension fund, could collect $678K in retirement

Money 04

Former state university employee Rosemary Baloun, who retired in August 2017, saved $30,284 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Baloun would collect as much as $678,035, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Baloun received $14,251 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Baloun will have already received $44,049 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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