Over 30 years of retirement, Koertge would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Koertge received $44,954 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Koertge will have already received $138,949 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.