Former state university employee Beck paid in $168K to pension fund, could collect $4.43M in retirement

By East Central Reporter Reports

Jul 1, 2017

Former state university employee Roger Beck, who retired in June 2017, saved $168,309 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Beck would collect as much as $4.43 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Beck received $93,190 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Beck will have already received $189,176 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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Eastern Illinois University

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