Over 30 years of retirement, Beavers would collect as much as $1.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Beavers received $24,720 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Beavers will have already received $76,408 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up