Over 30 years of retirement, Hinz would collect as much as $1.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Hinz received $24,738 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hinz will have already received $76,462 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up