Over 30 years of retirement, Hein would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Hein received $24,558 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Hein will have already received $49,853 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up