Over 30 years of retirement, Nikolas Gulino would collect as much as $3.59 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Nikolas Gulino received $75,384 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Nikolas Gulino will have already received $153,030 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up