Over 30 years of retirement, Washington would collect as much as $917,410, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Washington received $19,283 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Washington will have already received $59,601 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up