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Lake County Gazette

Tuesday, June 3, 2025

Former state school employee Friedman paid in $148K to teachers' pension fund, could collect $3.73M in retirement

Money272

Former state school employee Deborah Friedman, who retired in June 2017, saved $147,794 toward a pension over 39 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Friedman would collect as much as $3.73 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Friedman received $78,326 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Friedman will have already received $159,002 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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