Over 30 years of retirement, Avraham would collect as much as $153,156, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Avraham received $3,219 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Avraham will have already received $6,535 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.