Over 30 years of retirement, Lett would collect as much as $6.44 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Lett received $135,392 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lett will have already received $418,484 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up