Over 30 years of retirement, Ewan would collect as much as $2.94 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Ewan received $61,744 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Ewan will have already received $125,340 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up