Over 30 years of retirement, Vollstedt would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Vollstedt received $24,159 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Vollstedt will have already received $74,674 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up