Over 30 years of retirement, Carrillo would collect as much as $2.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Carrillo received $59,877 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Carrillo will have already received $121,550 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up