Over 30 years of retirement, Hansen would collect as much as $200,872, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Hansen received $4,222 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Hansen will have already received $8,571 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up