Over 30 years of retirement, Karl Dynek would collect as much as $42,817, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
The projection assumes Karl Dynek received $900 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Karl Dynek will have already received $2,782 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up