Over 30 years of retirement, Whitaker would collect as much as $54,481, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.
The projection assumes Whitaker received $1,145 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Whitaker will have already received $6,076 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up