Over 30 years of retirement, Kearney would collect as much as $73,190, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Kearney received $1,538 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Kearney will have already received $6,435 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up