Over 30 years of retirement, Andriamahefa would collect as much as $21,123, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Andriamahefa received $444 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Andriamahefa will have already received $1,857 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up