Over 30 years of retirement, Luster would collect as much as $806,500, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Luster received $16,952 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Luster will have already received $70,923 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up