Over 30 years of retirement, Knowles would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Knowles received $54,795 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Knowles will have already received $169,366 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up