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West Central Reporter

Sunday, July 27, 2025

Former state school employee Haacke paid in $62K to teachers' pension fund, could collect $714K in retirement

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Former state school employee Karen Haacke, who retired in May 2016, saved $61,692 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Haacke would collect as much as $713,539, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Haacke received $14,998 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Haacke will have already received $62,745 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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