Over 30 years of retirement, Walter would collect as much as $454,577, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Walter received $9,554 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Walter will have already received $29,531 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
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