Over 30 years of retirement, McFall would collect as much as $2.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes McFall received $46,410 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, McFall will have already received $143,448 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up