Over 30 years of retirement, Colley would collect as much as $1.8 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Colley received $37,844 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Colley will have already received $116,971 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up