Over 30 years of retirement, Crandall would collect as much as $65,077, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Crandall received $1,367 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Crandall will have already received $2,775 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up