Over 30 years of retirement, Schultz would collect as much as $2.56 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Schultz received $53,710 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Schultz will have already received $166,012 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up