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Lake County Gazette

Monday, June 23, 2025

Former state school employee Topham paid in $288K to teachers' pension fund, could collect $5.6M in retirement

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Former state school employee Karen Topham, who retired in June 2016, saved $287,886 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Topham would collect as much as $5.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Topham received $117,789 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Topham will have already received $364,075 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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