Over 30 years of retirement, Purcell would collect as much as $90,722, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Purcell received $1,906 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Purcell will have already received $5,891 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up