Over 30 years of retirement, Hale would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Hale received $24,182 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hale will have already received $74,743 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up