Over 30 years of retirement, Simon would collect as much as $140,608, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Simon received $2,955 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Simon will have already received $12,363 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up