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DeKalb Times

Saturday, June 7, 2025

Former state university employee Gahlbeck paid in $35K to pension fund, could collect $736K in retirement

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Former state university employee Linda Gahlbeck, who retired in August 2016, saved $35,465 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gahlbeck would collect as much as $736,484, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Gahlbeck received $15,480 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gahlbeck will have already received $47,846 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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