Over 30 years of retirement, Chevalier would collect as much as $38,798, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Chevalier received $815 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Chevalier will have already received $1,654 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up