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Lake County Gazette

Friday, April 18, 2025

Former state school employee Lubetkin paid in $63K to teachers' pension fund, could collect $1.05M in retirement

Money041

Former state school employee Janet Lubetkin, who retired in June 2017, saved $63,394 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lubetkin would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Lubetkin received $22,110 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lubetkin will have already received $68,339 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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