Over 30 years of retirement, Schafman would collect as much as $1.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.
The projection assumes Schafman received $26,695 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Schafman will have already received $111,683 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.