Over 30 years of retirement, Vaamonde Olive would collect as much as $393,667, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Vaamonde Olive received $8,274 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Vaamonde Olive will have already received $16,796 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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