Over 30 years of retirement, Webster would collect as much as $3.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Webster received $65,621 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Webster will have already received $202,829 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up