Over 30 years of retirement, Herrera would collect as much as $3.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Herrera received $72,296 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Herrera will have already received $223,460 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up