Over 30 years of retirement, Eldridge would collect as much as $458,436, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.
The projection assumes Eldridge received $9,636 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Eldridge will have already received $29,784 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up