Over 30 years of retirement, McIlvane would collect as much as $2.98 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes McIlvane received $62,561 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, McIlvane will have already received $126,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.