Over 30 years of retirement, Levans would collect as much as $341,281, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Levans received $7,173 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Levans will have already received $30,009 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up