Over 30 years of retirement, Lipton would collect as much as $2.62 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Lipton received $55,037 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Lipton will have already received $170,114 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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