Over 30 years of retirement, Kochman would collect as much as $2.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Prairie State Wire.
The projection assumes Kochman received $46,051 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Kochman will have already received $192,662 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up