Over 30 years of retirement, Reichardt would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Reichardt received $24,091 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Reichardt will have already received $48,905 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.