Over 30 years of retirement, Thimmapuram would collect as much as $968,734, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Thimmapuram received $20,362 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Thimmapuram will have already received $85,187 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up