Over 30 years of retirement, Ransford would collect as much as $7.03 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Ransford received $147,757 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Ransford will have already received $299,947 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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