Over 30 years of retirement, Lozada would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Lozada received $21,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Lozada will have already received $90,014 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.