Over 30 years of retirement, Koltz would collect as much as $152,226, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Koltz received $3,199 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Koltz will have already received $3,199 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up