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McHenry Times

Wednesday, April 23, 2025

Former state school employee Heyen paid in $132K to teachers' pension fund, could collect $2.32M in retirement

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Former state school employee Michele Heyen, who retired in June 2016, saved $132,158 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Heyen would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Heyen received $48,688 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Heyen will have already received $150,490 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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