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Lake County Gazette

Saturday, August 2, 2025

Former state school employee Carlson paid in $177K to teachers' pension fund, could collect $3.81M in retirement

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Former state school employee Susan Carlson, who retired in June 2018, saved $177,318 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Carlson would collect as much as $3.81 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Carlson received $80,099 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Carlson will have already received $247,578 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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