Over 30 years of retirement, McDonald would collect as much as $752,778, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes McDonald received $15,822 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, McDonald will have already received $15,822 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up