Over 30 years of retirement, Golby would collect as much as $3.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.
The projection assumes Golby received $81,663 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Golby will have already received $165,776 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up