Over 30 years of retirement, Malysiak would collect as much as $4.09 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Malysiak received $86,000 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Malysiak will have already received $174,580 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up