Over 30 years of retirement, Witzig would collect as much as $433,773, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Witzig received $9,117 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Witzig will have already received $38,144 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up