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East Central Reporter

Friday, June 20, 2025

Former state university employee Keener paid in $40K to pension fund, could collect $770K in retirement

Money 03

Former state university employee Gloria Keener, who retired in November 2016, saved $39,795 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Keener would collect as much as $769,648, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Keener received $16,177 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Keener will have already received $50,001 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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