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Lake County Gazette

Sunday, August 3, 2025

Former state school employee Haapanen paid in $139K to teachers' pension fund, could collect $2.64M in retirement

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Former state school employee Linda Haapanen, who retired in June 2017, saved $139,346 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Haapanen would collect as much as $2.64 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Haapanen received $55,433 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Haapanen will have already received $171,338 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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