Over 30 years of retirement, Narcaroti would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Narcaroti received $41,722 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Narcaroti will have already received $128,959 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up