Over 30 years of retirement, Prohaska would collect as much as $62,611, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Prohaska received $1,316 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Prohaska will have already received $6,986 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up