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Lake County Gazette

Sunday, August 3, 2025

Former state school employee Rudolf paid in $117K to teachers' pension fund, could collect $2.41M in retirement

Money 03

Former state school employee Janice Rudolf, who retired in June 2017, saved $116,736 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rudolf would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Rudolf received $50,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rudolf will have already received $156,474 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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