Over 30 years of retirement, Gonzalez Jakob would collect as much as $127,267, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Gonzalez Jakob received $2,675 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Gonzalez Jakob will have already received $14,202 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up