Over 30 years of retirement, Burge would collect as much as $938,219, according to a projection by Local Government Information Services (LGIS), which publishes Galesburg Reporter.
The projection assumes Burge received $19,720 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Burge will have already received $82,502 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up