Over 30 years of retirement, Pantaleo would collect as much as $395,899, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Pantaleo received $8,321 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Pantaleo will have already received $16,892 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up