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Lake County Gazette

Friday, April 25, 2025

Former state school employee Weinstein paid in $127K to teachers' pension fund, could collect $2.48M in retirement

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Former state school employee Loretta Weinstein, who retired in June 2017, saved $126,656 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Weinstein would collect as much as $2.48 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Weinstein received $52,065 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Weinstein will have already received $160,928 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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