Over 30 years of retirement, Barnum would collect as much as $220,118, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Barnum received $4,626 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Barnum will have already received $14,299 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up