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Macon Reporter

Sunday, June 8, 2025

Former state school employee Hawley paid in $25K to teachers' pension fund, could collect $1.04M in retirement

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Former state school employee Michael Hawley, who retired in November 2017, saved $25,255 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hawley would collect as much as $1.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Hawley received $21,781 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hawley will have already received $44,215 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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