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North Cook News

Friday, July 4, 2025

Former state school employee Harsch paid in $159K to teachers' pension fund, could collect $2.97M in retirement

Money 06

Former state school employee Barbara Harsch, who retired in June 2018, saved $158,915 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Harsch would collect as much as $2.97 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Harsch received $62,352 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harsch will have already received $192,725 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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