Over 30 years of retirement, Pulley would collect as much as $3.22 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Pulley received $67,730 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Pulley will have already received $137,492 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up