Over 30 years of retirement, Madsen would collect as much as $224,428, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Madsen received $4,717 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 5 years of retirement, Madsen will have already received $25,046 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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