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Sangamon Sun

Sunday, July 20, 2025

Former state university employee McNiece paid in $263K to pension fund, could collect $3.31M in retirement

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Former state university employee Hugh McNiece, who retired in January 2019, saved $262,851 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McNiece would collect as much as $3.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes McNiece received $69,660 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McNiece will have already received $291,433 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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