Over 30 years of retirement, Bell would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Bell received $29,928 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Bell will have already received $92,505 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up