Over 30 years of retirement, Goeske would collect as much as $2.63 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Goeske received $55,189 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Goeske will have already received $170,584 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up