Over 30 years of retirement, Germany would collect as much as $746,680, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Germany received $15,694 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Germany will have already received $48,509 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up