Over 30 years of retirement, Jespersen would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Jespersen received $37,293 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Jespersen will have already received $156,020 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up