Over 30 years of retirement, Tracey would collect as much as $1.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.
The projection assumes Tracey received $31,777 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Tracey will have already received $64,507 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up