Over 30 years of retirement, Darnell would collect as much as $517,328, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Darnell received $10,873 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Darnell will have already received $33,607 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up