Over 30 years of retirement, Abeln would collect as much as $2.58 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Abeln received $54,141 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Abeln will have already received $109,906 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up