Over 30 years of retirement, Hennessy would collect as much as $91,693, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Hennessy received $1,927 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Hennessy will have already received $8,063 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up