Over 30 years of retirement, Mikesell would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Mikesell received $45,004 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Mikesell will have already received $139,103 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up