Over 30 years of retirement, Tobey Brown would collect as much as $1.55 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.
The projection assumes Tobey Brown received $32,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Tobey Brown will have already received $136,034 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up