Over 30 years of retirement, Cinnamon would collect as much as $499,581, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Cinnamon received $10,500 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Cinnamon will have already received $43,927 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up