Over 30 years of retirement, Oliver would collect as much as $204,104, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Oliver received $4,290 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Oliver will have already received $8,709 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up