Over 30 years of retirement, McDonald would collect as much as $541,526, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes McDonald received $11,382 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, McDonald will have already received $23,105 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up