Over 30 years of retirement, Nugent would collect as much as $2.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.
The projection assumes Nugent received $44,684 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Nugent will have already received $138,115 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up