Over 30 years of retirement, Montalvo would collect as much as $751,619, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Montalvo received $15,798 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Montalvo will have already received $48,830 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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