Over 30 years of retirement, Ervin would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Ervin received $41,283 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Ervin will have already received $127,601 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up