Over 30 years of retirement, Muthuswamy would collect as much as $2.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Muthuswamy received $50,966 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Muthuswamy will have already received $213,223 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up