Over 30 years of retirement, Davis Armstrong would collect as much as $832,014, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Davis Armstrong received $17,488 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Davis Armstrong will have already received $54,054 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up