Over 30 years of retirement, Eiesland Schultz would collect as much as $904,239, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Eiesland Schultz received $19,006 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Eiesland Schultz will have already received $38,582 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.