Over 30 years of retirement, Thomas would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.
The projection assumes Thomas received $30,415 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Thomas will have already received $94,009 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up