Over 30 years of retirement, Garcia would collect as much as $557,939, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Garcia received $11,727 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Garcia will have already received $36,247 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up