Over 30 years of retirement, Wolffing Seegers would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Wolffing Seegers received $64,816 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Wolffing Seegers will have already received $200,339 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up