Over 30 years of retirement, Shenk would collect as much as $690,795, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Shenk received $14,520 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Shenk will have already received $29,476 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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