Over 30 years of retirement, Nemetz would collect as much as $5.82 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Nemetz received $122,419 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Nemetz will have already received $378,386 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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