Former state school employee Hurckes paid in $208K to teachers' pension fund, could collect $4.96M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Nancy Hurckes, who retired in June 2018, saved $207,610 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, Hurckes would collect as much as $4.96 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Hurckes received $104,218 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hurckes will have already received $211,563 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Johnsburg Community Unit School District 12

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