Over 30 years of retirement, Weiss would collect as much as $590,133, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.
The projection assumes Weiss received $12,404 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Weiss will have already received $51,893 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up