Over 30 years of retirement, Bretz would collect as much as $636,998, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Bretz received $13,389 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Bretz will have already received $56,016 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up