Over 30 years of retirement, Hinchee would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Hinchee received $34,756 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hinchee will have already received $107,428 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up