Over 30 years of retirement, Neeb would collect as much as $1.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.
The projection assumes Neeb received $34,180 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Neeb will have already received $142,995 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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