Quantcast

Sangamon Sun

Thursday, November 6, 2025

Former state university employee Miller paid in $23K to pension fund, could collect $691K in retirement

Shutterstock 262120544

Former state university employee Stacey Miller, who retired in March 2019, saved $22,963 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $691,365, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Miller received $14,532 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Miller will have already received $29,500 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS