Over 30 years of retirement, Meinert would collect as much as $626,345, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.
The projection assumes Meinert received $13,165 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Meinert will have already received $55,078 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up