Over 30 years of retirement, Short would collect as much as $548,942, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Short received $11,538 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Short will have already received $11,538 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up