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Sangamon Sun

Wednesday, July 23, 2025

Former state university employee Godwin paid in $119K to pension fund, could collect $1.65M in retirement

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Former state university employee John Godwin, who retired in January 2016, saved $118,513 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Godwin would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Godwin received $34,602 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Godwin will have already received $144,761 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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