Over 30 years of retirement, Lee would collect as much as $964,469, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Lee received $20,272 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Lee will have already received $41,152 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up