Over 30 years of retirement, Tessmer would collect as much as $2.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Tessmer received $58,128 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Tessmer will have already received $179,668 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up