Over 30 years of retirement, Knight would collect as much as $47,956, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Knight received $1,008 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Knight will have already received $3,115 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.