Over 30 years of retirement, Bloomfield would collect as much as $3.66 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Bloomfield received $76,909 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Bloomfield will have already received $237,717 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up