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DeKalb Times

Tuesday, April 29, 2025

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

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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.

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