West Central Reporter

Former state university employee Gerald Quesenberry, who retired in May 2018, saved $41,092 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Quesenberry would collect as much as $577,082, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Quesenberry received $12,129 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Quesenberry will have already received $50,744 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.