Over 30 years of retirement, Meares would collect as much as $11.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Meares received $243,042 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Meares will have already received $493,375 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.