Over 30 years of retirement, Mattea would collect as much as $1.8 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Mattea received $37,781 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Mattea will have already received $116,776 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up