Over 30 years of retirement, Granger would collect as much as $2.79 million, according to a projection by Local Government Information Services (LGIS), which publishes Grundy Reporter.
The projection assumes Granger received $58,563 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Granger will have already received $181,013 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up