Over 30 years of retirement, Salisbury would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Salisbury received $30,552 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Salisbury will have already received $62,021 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up