Over 30 years of retirement, Grubb would collect as much as $1.24 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Grubb received $26,082 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Grubb will have already received $52,946 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up