Over 30 years of retirement, Ryan Martin would collect as much as $2.97 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Ryan Martin received $62,496 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Ryan Martin will have already received $193,169 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.