Over 30 years of retirement, Hansen would collect as much as $4.94 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Hansen received $103,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Hansen will have already received $210,844 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up