Over 30 years of retirement, Nichele would collect as much as $2.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Nichele received $56,841 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Nichele will have already received $175,689 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.