Over 30 years of retirement, Baird would collect as much as $126,581, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.
The projection assumes Baird received $2,660 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Baird will have already received $2,660 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up