Over 30 years of retirement, Lambert would collect as much as $1.49 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Lambert received $31,395 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lambert will have already received $97,039 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up