Over 30 years of retirement, Wasson would collect as much as $3.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Wasson received $66,981 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Wasson will have already received $135,971 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up