Over 30 years of retirement, Baldwin would collect as much as $1.36 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Baldwin received $28,590 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Baldwin will have already received $88,369 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up