Over 30 years of retirement, Palm would collect as much as $36,709, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.
The projection assumes Palm received $771 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Palm will have already received $3,226 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.