Over 30 years of retirement, Gustafson would collect as much as $260,269, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Gustafson received $5,470 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gustafson will have already received $16,907 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up