Over 30 years of retirement, Davis would collect as much as $778,428, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Davis received $16,362 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Davis will have already received $50,574 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up