Over 30 years of retirement, Massel would collect as much as $1.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Massel received $37,036 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Massel will have already received $114,474 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up