Over 30 years of retirement, Richards would collect as much as $91,190, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Richards received $1,916 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Richards will have already received $8,014 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up