Over 30 years of retirement, Smith would collect as much as $3.38 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Smith received $70,989 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Smith will have already received $219,421 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.