Over 30 years of retirement, Tourijigian would collect as much as $3.71 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Tourijigian received $77,953 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Tourijigian will have already received $240,946 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up