Over 30 years of retirement, Kirkland would collect as much as $614,864, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Kirkland received $12,924 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Kirkland will have already received $54,069 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up