Over 30 years of retirement, Bailey would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Bailey received $24,013 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Bailey will have already received $48,746 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.