Over 30 years of retirement, Woolfolk would collect as much as $761,849, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Woolfolk received $16,013 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Woolfolk will have already received $16,013 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.