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McHenry Times

Sunday, June 29, 2025

Former state school employee Hicks paid in $207K to teachers' pension fund, could collect $4.12M in retirement

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Former state school employee David Hicks, who retired in June 2018, saved $206,947 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hicks would collect as much as $4.12 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Hicks received $86,548 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hicks will have already received $267,510 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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