Over 30 years of retirement, Laufenberg would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Laufenberg received $21,966 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Laufenberg will have already received $91,898 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.