Over 30 years of retirement, Marion would collect as much as $1.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Marion received $36,979 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Marion will have already received $114,298 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up