Over 30 years of retirement, Crane would collect as much as $3.23 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Crane received $67,821 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Crane will have already received $209,629 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up