Over 30 years of retirement, Tadda would collect as much as $1.22 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.
The projection assumes Tadda received $25,658 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Tadda will have already received $79,307 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up