Over 30 years of retirement, Mitchell would collect as much as $444,558, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Mitchell received $9,344 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Mitchell will have already received $18,968 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up