Quantcast

Sangamon Sun

Friday, July 11, 2025

Former state university employee Wiggins paid in $5K to pension fund, could collect $79K in retirement

Money 05

Former state university employee Karin Wiggins, who retired in August 2017, saved $4,517 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wiggins would collect as much as $78,687, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wiggins received $1,653 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wiggins will have already received $5,110 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS