Over 30 years of retirement, Boike would collect as much as $107,649, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Boike received $2,262 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Boike will have already received $12,010 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up