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McLean County Times

Monday, December 23, 2024

Former state university employee Huffman paid in $7K to pension fund, could collect $145K in retirement

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Former state university employee Victoria Huffman, who retired in November 2017, saved $6,940 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Huffman would collect as much as $145,124, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Huffman received $3,050 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Huffman will have already received $9,428 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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