Over 30 years of retirement, Fowler would collect as much as $2.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.
The projection assumes Fowler received $46,881 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Fowler will have already received $95,168 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up