Over 30 years of retirement, Borstein would collect as much as $749,392, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Borstein received $15,751 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Borstein will have already received $15,751 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up