Over 30 years of retirement, Thibeault would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Thibeault received $29,746 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Thibeault will have already received $91,941 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up