Over 30 years of retirement, Burghorn would collect as much as $2.07 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.
The projection assumes Burghorn received $43,460 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Burghorn will have already received $134,331 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up