will receive $2,245,480 divided into monthly payments for the next 20 years as well as an immediate one-time payment of $154,520 as “compensation for back wages and medical benefits since [his] dismissal,” according to the July 10 settlement agreement.
As long as it includes an annual inflation adjustment true-up, (using the 1980 formula), AND continued payments/credits into the college's retirement system, I don't see a problem with this.
As long as it includes an annual inflation adjustment true-up, (using the 1980 formula), AND continued payments/credits into the college's retirement system, I don't see a problem with this.