Over 30 years of retirement, Wise would collect as much as $631,723, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Wise received $13,278 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Wise will have already received $26,954 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up