Over 30 years of retirement, Krol would collect as much as $4.63 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Krol received $97,306 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Krol will have already received $197,531 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up