Over 30 years of retirement, Woodbury would collect as much as $97,048, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.
The projection assumes Woodbury received $2,039 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Woodbury will have already received $8,530 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up