Over 30 years of retirement, Parsons would collect as much as $5.62 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Parsons received $118,028 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Parsons will have already received $239,597 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.