Over 30 years of retirement, Shurtz would collect as much as $3.43 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Shurtz received $72,104 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Shurtz will have already received $222,866 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up