Over 30 years of retirement, Pancratz would collect as much as $3.95 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Pancratz received $83,050 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Pancratz will have already received $256,700 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up