Over 30 years of retirement, Schell would collect as much as $849,027, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Schell received $17,845 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Schell will have already received $55,156 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up