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DeKalb Times

Thursday, October 2, 2025

Former state university employee Hecht paid in $52K to pension fund, could collect $836K in retirement

Money 02

Former state university employee Loren Hecht, who retired in January 2016, saved $52,083 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hecht would collect as much as $835,924, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Hecht received $17,570 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hecht will have already received $54,307 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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