Over 30 years of retirement, Canon would collect as much as $117,800, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Canon received $2,476 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Canon will have already received $10,359 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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