Over 30 years of retirement, Steffens would collect as much as $391,629, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Steffens received $8,231 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Steffens will have already received $25,441 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.