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Macon Reporter

Tuesday, November 18, 2025

Former state university employee Heneghan paid in $5K to pension fund, could collect $83K in retirement

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Former state university employee Michael Heneghan, who retired in January 2016, saved $5,457 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Heneghan would collect as much as $83,260, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Heneghan received $1,750 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Heneghan will have already received $7,323 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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