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North Cook News

Thursday, June 5, 2025

Former state school employee Heck paid in $127K to teachers' pension fund, could collect $3.1M in retirement

Money 03

Former state school employee Timothy Heck, who retired in August 2016, saved $126,964 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Heck would collect as much as $3.1 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Heck received $65,117 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Heck will have already received $132,188 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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