Over 30 years of retirement, Banks Wilson would collect as much as $641,211, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.
The projection assumes Banks Wilson received $13,477 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 6 years of retirement, Banks Wilson will have already received $87,172 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up