Over 30 years of retirement, Ferguson would collect as much as $598,291, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Ferguson received $12,575 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Ferguson will have already received $52,609 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up