Over 30 years of retirement, Ratfield would collect as much as $2.39 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Ratfield received $50,204 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Ratfield will have already received $101,914 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up