Over 30 years of retirement, Oderwald would collect as much as $802,983, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Oderwald received $16,878 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Oderwald will have already received $70,611 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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