Over 30 years of retirement, Markel would collect as much as $3.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Markel received $63,605 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Markel will have already received $129,118 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up