Over 30 years of retirement, Welters would collect as much as $1.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Welters received $25,524 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Welters will have already received $78,893 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up