Over 30 years of retirement, McConnell would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes McConnell received $37,185 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, McConnell will have already received $114,936 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up