Over 30 years of retirement, Albion would collect as much as $169,558, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Albion received $3,564 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Albion will have already received $14,910 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up