Over 30 years of retirement, Borgens would collect as much as $3.61 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Borgens received $75,908 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Borgens will have already received $234,624 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up