Over 30 years of retirement, Mills would collect as much as $1.79 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Mills received $37,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Mills will have already received $157,384 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up