Over 30 years of retirement, Feng would collect as much as $1.23 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Feng received $25,785 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Feng will have already received $52,344 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up