Over 30 years of retirement, Scheib would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Scheib received $59,206 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Scheib will have already received $182,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.