Over 30 years of retirement, Koivogui would collect as much as $407,591, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Koivogui received $8,567 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Koivogui will have already received $35,842 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up