Over 30 years of retirement, Anselment would collect as much as $1.97 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Anselment received $41,496 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Anselment will have already received $128,260 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up