Over 30 years of retirement, Egofske would collect as much as $4.91 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Egofske received $103,143 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Egofske will have already received $209,380 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up