Over 30 years of retirement, Madrigal would collect as much as $701,505, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Madrigal received $14,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Madrigal will have already received $61,687 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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