Over 30 years of retirement, Kelley would collect as much as $3 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Kelley received $63,136 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kelley will have already received $195,147 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up