Over 30 years of retirement, Schwind would collect as much as $692,496, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Schwind received $14,555 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Schwind will have already received $44,989 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up