Over 30 years of retirement, Peerson would collect as much as $868,540, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Peerson received $18,256 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Peerson will have already received $18,256 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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