Over 30 years of retirement, Beener would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Beener received $34,616 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Beener will have already received $144,820 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up