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Chambana Sun

Sunday, July 27, 2025

Former state school employee Hess paid in $116K to teachers' pension fund, could collect $2.51M in retirement

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Former state school employee Earl Hess, who retired in May 2018, saved $115,660 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, Hess would collect as much as $2.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Hess received $52,667 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hess will have already received $162,788 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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