Over 30 years of retirement, Arentsen would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Arentsen received $49,965 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Arentsen will have already received $154,437 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up