Over 30 years of retirement, Mann would collect as much as $1.63 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Mann received $34,270 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Mann will have already received $105,925 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up