Over 30 years of retirement, Kacel would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Kacel received $26,510 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Kacel will have already received $26,510 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up