Over 30 years of retirement, Bethel would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Bethel received $27,088 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Bethel will have already received $113,327 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up