Over 30 years of retirement, Black would collect as much as $666,131, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Black received $14,001 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Black will have already received $43,276 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up