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DeKalb Times

Saturday, June 7, 2025

Former state university employee Glickfeld paid in $56K to pension fund, could collect $3.16M in retirement

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Former state university employee Barnett Glickfeld, who retired in January 2016, saved $55,538 toward a pension over 11 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Glickfeld would collect as much as $3.16 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Glickfeld received $66,458 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Glickfeld will have already received $66,458 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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