Over 30 years of retirement, Louret would collect as much as $2.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Louret received $60,641 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Louret will have already received $187,435 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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