Over 30 years of retirement, Howerter would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Howerter received $64,774 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Howerter will have already received $200,210 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up