Over 30 years of retirement, Grady would collect as much as $216,727, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Grady received $4,555 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Grady will have already received $24,185 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up