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Carbondale Reporter

Wednesday, October 1, 2025

Former state university employee Hickman paid in $231K to pension fund, could collect $5.46M in retirement

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Former state university employee Larry Hickman, who retired in January 2016, saved $231,248 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hickman would collect as much as $5.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Hickman received $114,838 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hickman will have already received $233,121 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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