Over 30 years of retirement, Coady would collect as much as $3.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Coady received $68,867 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Coady will have already received $212,861 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up