Over 30 years of retirement, Kaeb would collect as much as $2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Kaeb received $41,947 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Kaeb will have already received $41,947 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up