Over 30 years of retirement, Zumwalt would collect as much as $3.35 million, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.
The projection assumes Zumwalt received $70,320 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Zumwalt will have already received $217,353 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up