Over 30 years of retirement, Lambeth would collect as much as $1.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Lambeth received $33,432 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Lambeth will have already received $139,867 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up