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Lake County Gazette

Friday, April 18, 2025

Former state school employee Staub paid in $149K to teachers' pension fund, could collect $3.72M in retirement

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Former state school employee La Rea Staub, who retired in June 2016, saved $148,726 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Staub would collect as much as $3.72 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Staub received $78,156 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Staub will have already received $158,657 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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