Over 30 years of retirement, Elkin would collect as much as $853,274, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Elkin received $17,935 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Elkin will have already received $55,435 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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