Over 30 years of retirement, Halbeck would collect as much as $559,710, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Halbeck received $11,764 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Halbeck will have already received $49,217 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up