Over 30 years of retirement, Murphy would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Murphy received $31,776 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Murphy will have already received $98,216 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up