Over 30 years of retirement, White would collect as much as $2.71 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes White received $56,989 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, White will have already received $176,148 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up