Over 30 years of retirement, Michel would collect as much as $2.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Michel received $44,605 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Michel will have already received $137,869 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.