Over 30 years of retirement, Gayden would collect as much as $122,493, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
The projection assumes Gayden received $2,574 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Gayden will have already received $2,574 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up