Over 30 years of retirement, Delveaux would collect as much as $1.38 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Delveaux received $28,998 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Delveaux will have already received $89,630 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up