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Illinois Valley Times

Thursday, June 26, 2025

Former state school employee Heiman paid in $126K to teachers' pension fund, could collect $2.61M in retirement

Money 04

Former state school employee Erin Heiman, who retired in May 2017, saved $126,374 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, Heiman would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Heiman received $54,963 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Heiman will have already received $169,885 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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