Over 30 years of retirement, Herrera would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Herrera received $48,392 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Herrera will have already received $202,454 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up