Over 30 years of retirement, Filipowski would collect as much as $333,699, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Filipowski received $7,014 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Filipowski will have already received $21,679 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up