Over 30 years of retirement, Gottschalk would collect as much as $2.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.
The projection assumes Gottschalk received $62,249 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gottschalk will have already received $192,404 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up