Over 30 years of retirement, Reiter would collect as much as $760,057, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Reiter received $15,975 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Reiter will have already received $32,429 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up