Over 30 years of retirement, McCollam would collect as much as $4.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes McCollam received $96,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, McCollam will have already received $298,641 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up