Over 30 years of retirement, Lamantia would collect as much as $374,142, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Lamantia received $7,864 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Lamantia will have already received $32,900 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up