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Chambana Sun

Friday, April 4, 2025

Former state university employee Heatherton paid in $71K to pension fund, could collect $1.51M in retirement

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Former state university employee Scott Heatherton, who retired in January 2016, saved $71,490 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Heatherton would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Heatherton received $31,749 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Heatherton will have already received $98,132 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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