Over 30 years of retirement, Eilerman would collect as much as $988,436, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Eilerman received $20,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Eilerman will have already received $86,918 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up