An 86-year-old part-time security guard who has never made more than $8,000 a year stands to collect nearly $1 million when he retires because of a quirk in his company's pension plan.
"It's a thrill and it makes me very happy," said Bob Huggins, but he made one thing clear. He has no plans to retire any time soon.Huggins has worked for 66 years at the Gastonia Gazette. The newspaper owner set up a pension pool in 1989 based on the employee's age, and whenever someone died, his money went back into the invested pool. Huggins outlived them all.
Huggins, who started out in the paper's composing room, learned of the windfall last week. The paper reported when he heard the news, he sat down, folded his arms, and broke into a huge grin. "Staggering," he said.
But the windfall will not change his life. He gives 10 percent of his earnings to his church, Parkwood Baptist, and plans to do the same with the retirement money.
Huggins said he will not buy a new car, although he needs new tires on his 1986 Chevrolet, and will not buy a new home. He's lived in the same house since 1942, and said his only regret is that his wife, who died in 1989, won't get to enjoy his retirement.
The paper has since changed its retirement plan.