Over 30 years of retirement, Malecki would collect as much as $645,253, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Malecki received $13,562 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Malecki will have already received $41,919 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up