Over 30 years of retirement, Kelly would collect as much as $126,495, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Kelly received $2,658 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Kelly will have already received $11,121 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up