Over 30 years of retirement, Ludwig would collect as much as $360,343, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Ludwig received $7,574 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Ludwig will have already received $15,375 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.