Over 30 years of retirement, Helminski would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Helminski received $47,084 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Helminski will have already received $145,533 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up