Over 30 years of retirement, Whalen would collect as much as $4.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Whalen received $93,787 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Whalen will have already received $289,887 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up