Over 30 years of retirement, Baker would collect as much as $3.05 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Baker received $64,005 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Baker will have already received $197,833 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up