Over 30 years of retirement, Spears would collect as much as $1.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Spears received $32,064 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Spears will have already received $99,107 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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