Over 30 years of retirement, Grayson would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Grayson received $23,742 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Grayson will have already received $73,384 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up