Over 30 years of retirement, Seferovic would collect as much as $1.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Seferovic received $31,912 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Seferovic will have already received $98,636 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.