Quantcast

Chicago City Wire

Wednesday, July 9, 2025

Former state university employee Halline paid in $391K to pension fund, could collect $8.25M in retirement

Shutterstock 225154648

Former state university employee Allan Halline, who retired in August 2017, saved $390,890 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Halline would collect as much as $8.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Halline received $173,431 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Halline will have already received $536,058 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

MORE NEWS