Over 30 years of retirement, Butler would collect as much as $499,142, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Butler received $10,491 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Butler will have already received $32,427 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up