Over 30 years of retirement, Gilkison would collect as much as $1.68 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Gilkison received $35,227 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gilkison will have already received $108,884 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up