Over 30 years of retirement, Churchwell would collect as much as $625,140, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Churchwell received $13,140 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Churchwell will have already received $13,140 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up