Over 30 years of retirement, Seaward would collect as much as $568,621, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Seaward received $11,952 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Seaward will have already received $50,003 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up