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Lake County Gazette

Sunday, June 29, 2025

Former state university employee Beckwith paid in $12K to pension fund, could collect $183K in retirement

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Former state university employee Gwendolyn Beckwith, who retired in January 2018, saved $12,038 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Beckwith would collect as much as $183,243, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Beckwith received $3,851 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Beckwith will have already received $16,113 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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