Over 30 years of retirement, Henderson would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Henderson received $21,537 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Henderson will have already received $21,537 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up