Over 30 years of retirement, Edison would collect as much as $218,679, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Edison received $4,596 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Edison will have already received $14,206 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up