Over 30 years of retirement, Youakim would collect as much as $114,489, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Youakim received $2,406 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Youakim will have already received $10,065 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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