Over 30 years of retirement, Mason would collect as much as $772,040, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Mason received $16,227 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Mason will have already received $16,227 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up