Over 30 years of retirement, Negangard would collect as much as $890,463, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Negangard received $18,716 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Negangard will have already received $57,848 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up