Over 30 years of retirement, Lathrop would collect as much as $352,819, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Lathrop received $7,416 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Lathrop will have already received $7,416 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up