Over 30 years of retirement, Hamer would collect as much as $414,237, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Hamer received $8,706 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Hamer will have already received $36,422 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up