Over 30 years of retirement, Vagnoni would collect as much as $325,364, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Vagnoni received $6,838 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Vagnoni will have already received $13,881 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up