Over 30 years of retirement, Colwell would collect as much as $4.55 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Colwell received $95,603 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Colwell will have already received $295,499 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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