Over 30 years of retirement, Oliva would collect as much as $180,243, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Oliva received $3,788 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Oliva will have already received $15,849 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up