Over 30 years of retirement, Meyer would collect as much as $128,693, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Meyer received $2,705 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Meyer will have already received $11,317 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up