Over 30 years of retirement, McSherry would collect as much as $2.37 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes McSherry received $49,902 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, McSherry will have already received $101,301 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up