Over 30 years of retirement, Ethridge would collect as much as $394,934, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Ethridge received $8,301 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Ethridge will have already received $34,729 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up