Over 30 years of retirement, Luckenbill would collect as much as $2.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.
The projection assumes Luckenbill received $62,666 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Luckenbill will have already received $127,212 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up