Over 30 years of retirement, Kinsell would collect as much as $444,318, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Kinsell received $9,339 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Kinsell will have already received $18,958 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up