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Lake County Gazette

Sunday, April 20, 2025

Former state school employee Loncrini paid in $114K to teachers' pension fund, could collect $2.1M in retirement

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Former state school employee Gael Loncrini, who retired in November 2018, saved $113,951 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Loncrini would collect as much as $2.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Loncrini received $44,067 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Loncrini will have already received $136,207 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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