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North Cook News

Saturday, June 21, 2025

Former state school employee Braun paid in $179K to teachers' pension fund, could collect $3.9M in retirement

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Former state school employee Brian Braun, who retired in May 2016, saved $178,690 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Braun would collect as much as $3.9 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Braun received $81,920 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Braun will have already received $253,207 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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