Over 30 years of retirement, Nieto would collect as much as $770,818, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Nieto received $16,202 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Nieto will have already received $50,079 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up