Over 30 years of retirement, Crames would collect as much as $2.23 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Crames received $46,830 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Crames will have already received $144,747 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up