Over 30 years of retirement, Avila would collect as much as $1.64 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Avila received $34,486 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Avila will have already received $106,594 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up