Over 30 years of retirement, Whiting would collect as much as $3.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Whiting received $82,691 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Whiting will have already received $255,590 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up