Over 30 years of retirement, McGovern would collect as much as $4.36 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes McGovern received $91,656 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, McGovern will have already received $186,062 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up