Over 30 years of retirement, Keating would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Keating received $23,755 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Keating will have already received $48,223 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up