Over 30 years of retirement, Hayes would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Hayes received $50,714 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hayes will have already received $156,751 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up