Over 30 years of retirement, Wright would collect as much as $111,931, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Wright received $2,352 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Wright will have already received $4,775 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up