Over 30 years of retirement, Arnholt would collect as much as $1.7 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Arnholt received $35,677 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Arnholt will have already received $72,424 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up