Over 30 years of retirement, Ross would collect as much as $219,427, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Ross received $4,612 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Ross will have already received $19,295 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up