Over 30 years of retirement, Maehr would collect as much as $550,923, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Maehr received $11,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 6 years of retirement, Maehr will have already received $74,905 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up