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North Cook News

Monday, April 28, 2025

Former state school employee Hussey paid in $47K to teachers' pension fund, could collect $1M in retirement

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Former state school employee Kevin Hussey, who retired in June 2017, saved $47,364 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hussey would collect as much as $1 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Hussey received $21,074 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hussey will have already received $65,137 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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