Over 30 years of retirement, Cravens would collect as much as $79,230, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Cravens received $1,665 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Cravens will have already received $5,146 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up