Over 30 years of retirement, Lamendola would collect as much as $2.42 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Lamendola received $50,787 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lamendola will have already received $156,978 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up