Over 30 years of retirement, Fairchild would collect as much as $656,991, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Fairchild received $13,809 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Fairchild will have already received $28,032 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up