Over 30 years of retirement, Cape would collect as much as $1.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Cape received $30,682 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Cape will have already received $94,834 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.