Over 30 years of retirement, Pauley would collect as much as $1.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Pauley received $25,538 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Pauley will have already received $51,842 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up