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North Cook News

Friday, October 24, 2025

Former state school employee Roche paid in $77K to teachers' pension fund, could collect $1.24M in retirement

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Former state school employee Michael Roche, who retired in June 2016, saved $77,101 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roche would collect as much as $1.24 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Roche received $26,065 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roche will have already received $80,564 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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