Over 30 years of retirement, Frazier would collect as much as $2.34 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Frazier received $49,256 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Frazier will have already received $152,246 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up