Over 30 years of retirement, Terry would collect as much as $2.64 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Terry received $55,542 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Terry will have already received $112,750 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.