Over 30 years of retirement, Schiltz would collect as much as $974,706, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Schiltz received $20,487 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Schiltz will have already received $41,589 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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