Over 30 years of retirement, Stansberry would collect as much as $715,115, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Stansberry received $15,031 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Stansberry will have already received $62,883 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up