Over 30 years of retirement, Larkin would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Larkin received $24,241 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Larkin will have already received $74,926 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up