Over 30 years of retirement, Northway would collect as much as $701,533, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Northway received $14,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Northway will have already received $45,575 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.