Over 30 years of retirement, Morrissey would collect as much as $4.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Morrissey received $85,764 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Morrissey will have already received $265,088 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up