Over 30 years of retirement, Goodwin would collect as much as $918,603, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Goodwin received $19,308 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Goodwin will have already received $59,679 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.