Quantcast

North Cook News

Tuesday, July 29, 2025

Former state school employee Fine paid in $233K to teachers' pension fund, could collect $5.22M in retirement

Shutterstock 443523118

Former state school employee Hal Fine, who retired in June 2016, saved $232,600 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, Fine would collect as much as $5.22 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Fine received $109,669 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fine will have already received $338,976 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS