Over 30 years of retirement, Hagel would collect as much as $3.15 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Hagel received $66,292 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hagel will have already received $204,902 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.