Over 30 years of retirement, Kasson would collect as much as $2.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Kasson received $51,593 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kasson will have already received $159,469 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up