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Carbondale Reporter

Friday, October 3, 2025

Former state university employee Heckman paid in $57K to pension fund, could collect $1.15M in retirement

Money 02

Former state university employee Thad Heckman, who retired in June 2017, saved $57,172 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Heckman would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Heckman received $24,098 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Heckman will have already received $74,485 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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