Over 30 years of retirement, Coloton would collect as much as $530,524, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Coloton received $11,151 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Coloton will have already received $46,654 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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