Over 30 years of retirement, Choate would collect as much as $1.74 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Choate received $36,499 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Choate will have already received $152,699 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.