Over 30 years of retirement, Lowell would collect as much as $4.77 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Lowell received $100,229 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lowell will have already received $309,798 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.