Over 30 years of retirement, Oldweiler would collect as much as $596,367, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.
The projection assumes Oldweiler received $12,535 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Oldweiler will have already received $66,549 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
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