Over 30 years of retirement, Neiweem would collect as much as $3.04 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Neiweem received $63,913 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Neiweem will have already received $129,743 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.