Over 30 years of retirement, Scannell would collect as much as $258,814, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.
The projection assumes Scannell received $5,440 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Scannell will have already received $22,758 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up