Over 30 years of retirement, Hasenstab would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Hasenstab received $26,173 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hasenstab will have already received $80,898 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up