Over 30 years of retirement, Gilles would collect as much as $1.79 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Gilles received $37,633 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Gilles will have already received $157,443 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up