Over 30 years of retirement, Woodruff would collect as much as $4.06 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Woodruff received $85,275 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Woodruff will have already received $263,576 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up