Over 30 years of retirement, Murnighan would collect as much as $615,920, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Murnighan received $12,946 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Murnighan will have already received $54,160 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up