Over 30 years of retirement, Veach would collect as much as $1.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Veach received $22,635 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Veach will have already received $94,695 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up