Over 30 years of retirement, Fain would collect as much as $3.29 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Fain received $69,105 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Fain will have already received $213,596 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up