Over 30 years of retirement, Schambach would collect as much as $3.39 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Schambach received $71,207 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Schambach will have already received $220,093 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.