Over 30 years of retirement, Caldwell would collect as much as $988,282, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Caldwell received $20,772 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Caldwell will have already received $64,204 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up