Over 30 years of retirement, Kiel would collect as much as $4.82 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Kiel received $101,224 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kiel will have already received $312,874 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up