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North Cook News

Saturday, June 21, 2025

Former state school employee Hund paid in $126K to teachers' pension fund, could collect $2.04M in retirement

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Former state school employee Gerald Hund, who retired in June 2017, saved $125,534 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hund would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Hund received $42,972 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hund will have already received $132,822 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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