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Lake County Gazette

Monday, May 19, 2025

Former state school employee Lagos paid in $70K to teachers' pension fund, could collect $1.14M in retirement

Money 05

Former state school employee Patrice Lagos, who retired in June 2017, saved $70,102 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lagos would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Lagos received $23,954 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lagos will have already received $74,040 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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