Over 30 years of retirement, Webb would collect as much as $4.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.
The projection assumes Webb received $94,869 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Webb will have already received $192,584 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up