Over 30 years of retirement, Boyd would collect as much as $2.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Boyd received $52,890 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Boyd will have already received $163,478 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up