Quantcast

South Cook News

Saturday, October 4, 2025

Former state school employee Roza paid in $234K to teachers' pension fund, could collect $5.47M in retirement

Shutterstock 121161052

Former state school employee Charles Roza, who retired in June 2017, saved $234,151 toward a pension over 45 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roza would collect as much as $5.47 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Roza received $115,017 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roza will have already received $355,507 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS