Over 30 years of retirement, Mogharreban would collect as much as $4.3 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Mogharreban received $90,480 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Mogharreban will have already received $279,664 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up