Over 30 years of retirement, Guzman would collect as much as $5.02 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Guzman received $105,618 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Guzman will have already received $326,456 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up