Over 30 years of retirement, Vinson would collect as much as $3.91 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Vinson received $82,225 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Vinson will have already received $166,917 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up