Over 30 years of retirement, Henderson would collect as much as $596,150, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Henderson received $12,530 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Henderson will have already received $12,530 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up