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South Cook News

Tuesday, October 14, 2025

Former state school employee Piejko paid in $25K to teachers' pension fund, could collect $634K in retirement

Money 07

Former state school employee Henry Piejko, who retired in June 2017, saved $25,482 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Piejko would collect as much as $634,258, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Piejko received $13,331 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Piejko will have already received $27,062 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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