Over 30 years of retirement, Holshouser would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Holshouser received $30,435 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Holshouser will have already received $127,328 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up