Over 30 years of retirement, Goebel would collect as much as $1.89 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Goebel received $39,794 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Goebel will have already received $123,000 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up