Quantcast

Macon Reporter

Wednesday, April 23, 2025

Former state university employee Diggs paid in $100K to pension fund, could collect $1.53M in retirement

Money 07

Former state university employee Michael Diggs, who retired in May 2017, saved $99,877 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Diggs would collect as much as $1.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Diggs received $32,126 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Diggs will have already received $134,404 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS