Over 30 years of retirement, Hirsh Blechman would collect as much as $4.57 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Hirsh Blechman received $95,996 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hirsh Blechman will have already received $296,714 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up