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Chambana Sun

Thursday, June 26, 2025

Former state university employee Miller paid in $245K to pension fund, could collect $6.87M in retirement

Money759

Former state university employee Gary Miller, who retired in January 2016, saved $245,449 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $6.87 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Miller received $144,359 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Miller will have already received $293,049 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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