Over 30 years of retirement, Heinz would collect as much as $1.74 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Heinz received $36,522 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Heinz will have already received $112,887 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up