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South Cook News

Friday, October 3, 2025

Former state school employee Hirsch paid in $150K to teachers' pension fund, could collect $2.99M in retirement

Money 02

Former state school employee Marilyn Hirsch, who retired in June 2018, saved $149,663 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, Hirsch would collect as much as $2.99 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Hirsch received $62,790 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hirsch will have already received $194,078 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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