Over 30 years of retirement, Cataneo would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Cataneo received $46,664 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Cataneo will have already received $144,234 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up