Over 30 years of retirement, Barrington would collect as much as $553,001, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Barrington received $11,623 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Barrington will have already received $35,926 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.