Over 30 years of retirement, Hollingshead would collect as much as $800,385, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Hollingshead received $16,823 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hollingshead will have already received $51,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up