Over 30 years of retirement, Harmsen would collect as much as $537,883, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.
The projection assumes Harmsen received $11,305 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Harmsen will have already received $47,295 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.