Over 30 years of retirement, Erwin would collect as much as $4.57 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Erwin received $96,157 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Erwin will have already received $195,199 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.