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Lake County Gazette

Saturday, August 2, 2025

Former state school employee Socha paid in $137K to teachers' pension fund, could collect $3.02M in retirement

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Former state school employee Gretchen Socha, who retired in June 2016, saved $137,032 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, Socha would collect as much as $3.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Socha received $63,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Socha will have already received $196,519 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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