Over 30 years of retirement, Mead would collect as much as $120,095, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.
The projection assumes Mead received $2,524 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Mead will have already received $2,524 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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