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Lake County Gazette

Saturday, July 12, 2025

Former state school employee Baron paid in $65K to teachers' pension fund, could collect $1.05M in retirement

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Former state school employee Jack Baron, who retired in June 2017, saved $65,365 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Baron would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Baron received $22,145 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Baron will have already received $68,447 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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