Over 30 years of retirement, Heggemeier would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Heggemeier received $33,760 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Heggemeier will have already received $104,349 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up