Over 30 years of retirement, Verney would collect as much as $569,928, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Verney received $11,979 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Verney will have already received $37,025 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up