Over 30 years of retirement, Hare would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Hare received $41,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Hare will have already received $83,658 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up