Over 30 years of retirement, Emmons would collect as much as $375,392, according to a projection by Local Government Information Services (LGIS), which publishes Grundy Reporter.
The projection assumes Emmons received $7,890 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Emmons will have already received $33,010 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up