Over 30 years of retirement, Wooten would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Wooten received $27,472 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Wooten will have already received $55,768 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up