Over 30 years of retirement, Ponton would collect as much as $3.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Ponton received $63,777 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Ponton will have already received $197,128 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up