Over 30 years of retirement, Shurtz would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Shurtz received $22,167 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Shurtz will have already received $44,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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