Over 30 years of retirement, Olson would collect as much as $1.34 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Olson received $28,143 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Olson will have already received $28,143 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.