Over 30 years of retirement, Coen would collect as much as $690,475, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Coen received $14,513 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Coen will have already received $29,461 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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