Over 30 years of retirement, Perkins would collect as much as $382,158, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Perkins received $8,032 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Perkins will have already received $16,305 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up