Over 30 years of retirement, Renzaglia would collect as much as $3.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Renzaglia received $71,417 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Renzaglia will have already received $220,744 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up