Over 30 years of retirement, Underwood would collect as much as $2.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Underwood received $54,722 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Underwood will have already received $169,141 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up