Over 30 years of retirement, Carroll would collect as much as $2.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Carroll received $56,833 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Carroll will have already received $175,665 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up