Quantcast

Sangamon Sun

Saturday, July 19, 2025

Former state university employee Huggett paid in $65K to pension fund, could collect $1.91M in retirement

Shutterstock 469426916

Former state university employee William Huggett, who retired in July 2017, saved $65,464 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Huggett would collect as much as $1.91 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Huggett received $40,093 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Huggett will have already received $81,389 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS