Over 30 years of retirement, Durland would collect as much as $1.67 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Durland received $35,052 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Durland will have already received $146,646 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up