Over 30 years of retirement, Brown would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Brown received $31,581 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Brown will have already received $132,122 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up