Former state university employee Lee Roseborough paid in $46K to pension fund, could collect $742K in retirement

By Local Labs News Service

Feb 1, 2019

Former state university employee Gwendolyn Lee Roseborough, who retired in January 2019, saved $46,307 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lee Roseborough would collect as much as $742,176, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lee Roseborough received $15,600 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lee Roseborough will have already received $48,218 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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University of Illinois at Urbana Champaign

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