Over 30 years of retirement, Taylor would collect as much as $651,616, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Taylor received $13,696 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Taylor will have already received $57,299 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up