Over 30 years of retirement, Goers would collect as much as $359,898, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Goers received $7,564 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Goers will have already received $31,646 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up