Over 30 years of retirement, Lugoski would collect as much as $668,786, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Lugoski received $14,057 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lugoski will have already received $43,449 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up