Over 30 years of retirement, Kleinow would collect as much as $841,085, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Kleinow received $17,679 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kleinow will have already received $54,643 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.