Over 30 years of retirement, Pavone would collect as much as $812,397, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Pavone received $17,076 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Pavone will have already received $52,780 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up