Over 30 years of retirement, Degrand would collect as much as $204,675, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Degrand received $4,302 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Degrand will have already received $13,297 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.