Over 30 years of retirement, Ertner would collect as much as $1.52 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Ertner received $31,968 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Ertner will have already received $98,810 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up