Over 30 years of retirement, Damiani would collect as much as $875,197, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Damiani received $18,396 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Damiani will have already received $37,344 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up