Over 30 years of retirement, Lapping would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Lapping received $29,473 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Lapping will have already received $59,830 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.