Over 30 years of retirement, Griffin would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Griffin received $24,542 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Griffin will have already received $102,673 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up