Over 30 years of retirement, Perkins would collect as much as $956,145, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Perkins received $20,097 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Perkins will have already received $62,118 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up