Over 30 years of retirement, Clayton would collect as much as $1.46 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Clayton received $30,588 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Clayton will have already received $94,545 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up