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Lake County Gazette

Sunday, August 3, 2025

Former state school employee Zemel paid in $124K to teachers' pension fund, could collect $2.02M in retirement

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Former state school employee Bonnie Zemel, who retired in June 2017, saved $124,290 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, Zemel would collect as much as $2.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Zemel received $42,501 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zemel will have already received $131,366 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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