Over 30 years of retirement, Kim would collect as much as $2.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Kim received $48,960 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kim will have already received $151,331 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up