Over 30 years of retirement, Cavaligos would collect as much as $415,841, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Cavaligos received $8,740 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Cavaligos will have already received $27,014 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up