Over 30 years of retirement, Root would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Root received $31,522 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Root will have already received $97,432 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up