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Chambana Sun

Tuesday, April 29, 2025

Former state university employee Gabor paid in $23K to pension fund, could collect $327K in retirement

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Former state university employee Margaret Gabor, who retired in July 2018, saved $22,978 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gabor would collect as much as $326,591, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Gabor received $6,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Gabor will have already received $28,716 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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