Quantcast

DeKalb Times

Thursday, September 11, 2025

Former state university employee Gleeson paid in $95K to pension fund, could collect $1.37M in retirement

Shutterstock 369740408

Former state university employee Robert Gleeson, who retired in October 2016, saved $94,563 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gleeson would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Gleeson received $28,727 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Gleeson will have already received $120,184 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS