Over 30 years of retirement, Valero Quiros would collect as much as $420,756, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Valero Quiros received $8,844 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Valero Quiros will have already received $46,951 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up