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McLean County Times

Sunday, April 13, 2025

Former state university employee Geshiwlm paid in $82K to pension fund, could collect $1.48M in retirement

Money 08

Former state university employee David Geshiwlm, who retired in December 2016, saved $82,056 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Geshiwlm would collect as much as $1.48 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Geshiwlm received $31,125 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Geshiwlm will have already received $96,205 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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