Over 30 years of retirement, Peeples would collect as much as $278,675, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Peeples received $5,857 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Peeples will have already received $24,504 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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