Over 30 years of retirement, Faulkner would collect as much as $48,207, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Faulkner received $1,013 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Faulkner will have already received $4,236 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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