Over 30 years of retirement, Larson would collect as much as $1.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Larson received $27,928 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Larson will have already received $86,323 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up