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West Central Reporter

Sunday, July 27, 2025

Former state university employee Hillyer paid in $92K to pension fund, could collect $1.84M in retirement

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Former state university employee Jeffrey Hillyer, who retired in April 2019, saved $92,414 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hillyer would collect as much as $1.84 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Hillyer received $38,700 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hillyer will have already received $119,618 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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