Over 30 years of retirement, Dempsey would collect as much as $4.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Dempsey received $85,371 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Dempsey will have already received $263,873 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up