Over 30 years of retirement, Elston would collect as much as $3.33 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Elston received $69,999 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Elston will have already received $216,360 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up