Over 30 years of retirement, Chierico would collect as much as $4.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Chierico received $98,762 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Chierico will have already received $305,264 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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