Over 30 years of retirement, Seibel would collect as much as $7.22 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Seibel received $151,721 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Seibel will have already received $307,994 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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