Over 30 years of retirement, Hancock Strong would collect as much as $910,873, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Hancock Strong received $19,145 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Hancock Strong will have already received $80,095 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up