Over 30 years of retirement, Gruber would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Gruber received $43,370 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gruber will have already received $134,052 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up