Over 30 years of retirement, Siddens would collect as much as $845,361, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Siddens received $17,768 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Siddens will have already received $74,335 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up