Over 30 years of retirement, Skaggs would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Skaggs received $23,872 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Skaggs will have already received $99,872 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up