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Illinois Valley Times

Monday, April 28, 2025

Former state university employee Hayden paid in $112K to pension fund, could collect $2.28M in retirement

Money 03

Former state university employee Jeanne Hayden, who retired in January 2018, saved $111,607 toward a pension over 34 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hayden would collect as much as $2.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Hayden received $47,902 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hayden will have already received $148,060 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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