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Chambana Sun

Tuesday, August 5, 2025

Former state university employee Wille paid in $112K to pension fund, could collect $1.77M in retirement

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Former state university employee Steven Wille, who retired in June 2018, saved $111,710 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Wille would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Wille received $37,284 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wille will have already received $115,242 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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