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Dupage Policy Journal

Friday, June 20, 2025

Former state school employee Micensky paid in $263K to teachers' pension fund, could collect $5.6M in retirement

Money 07

Former state school employee Nick Micensky, who retired in July 2017, saved $263,312 toward a pension over 42 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Micensky would collect as much as $5.6 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Micensky received $117,606 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Micensky will have already received $363,508 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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