Over 30 years of retirement, Kamp would collect as much as $28,568, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Kamp received $600 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Kamp will have already received $1,218 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up