Over 30 years of retirement, Zhang would collect as much as $350,695, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Zhang received $7,371 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Zhang will have already received $7,371 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up