Over 30 years of retirement, Miller would collect as much as $609,446, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Miller received $12,810 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Miller will have already received $53,592 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up