Over 30 years of retirement, Baptist would collect as much as $3.56 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Baptist received $74,923 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Baptist will have already received $231,580 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up