Over 30 years of retirement, Lanigan would collect as much as $100,119, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.
The projection assumes Lanigan received $2,104 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Lanigan will have already received $11,170 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up