Over 30 years of retirement, Gallaher would collect as much as $916,713, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Gallaher received $19,268 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gallaher will have already received $59,555 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up