Over 30 years of retirement, Keplar would collect as much as $229,503, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Keplar received $4,824 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Keplar will have already received $9,793 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up