Over 30 years of retirement, Pitsenbarger would collect as much as $339,985, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.
The projection assumes Pitsenbarger received $7,146 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Pitsenbarger will have already received $37,937 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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