Former state university employee Gober paid in $42K to pension fund, could collect $1.13M in retirement

By Local Labs News Service

Jul 1, 2018

Former state university employee Cynthia Gober, who retired in June 2018, saved $42,423 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gober would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Gober received $23,652 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gober will have already received $48,014 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Southern Illinois University At Edwardsville

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