Over 30 years of retirement, Balding would collect as much as $115,476, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Balding received $2,427 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Balding will have already received $12,886 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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