Over 30 years of retirement, Mangun would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Mangun received $22,043 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Mangun will have already received $92,219 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up