Over 30 years of retirement, Albrecht would collect as much as $889,036, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Albrecht received $18,686 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Albrecht will have already received $18,686 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up