Over 30 years of retirement, Joost would collect as much as $3.66 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Joost received $76,965 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Joost will have already received $156,239 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up