Over 30 years of retirement, Morgan would collect as much as $517,319, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.
The projection assumes Morgan received $10,873 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Morgan will have already received $33,607 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up