Over 30 years of retirement, Howard would collect as much as $2.67 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Howard received $56,063 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Howard will have already received $113,808 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up