Over 30 years of retirement, Reynolds would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Reynolds received $31,803 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Reynolds will have already received $98,300 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up