Over 30 years of retirement, Chapman Simpson would collect as much as $2.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Chapman Simpson received $54,456 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Chapman Simpson will have already received $168,319 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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