Over 30 years of retirement, Schwind would collect as much as $2.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Schwind received $51,376 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Schwind will have already received $104,293 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up