Over 30 years of retirement, Ferrell would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Ferrell received $29,899 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Ferrell will have already received $92,415 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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