Over 30 years of retirement, Coates would collect as much as $231,057, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Coates received $4,856 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Coates will have already received $25,783 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up