Over 30 years of retirement, Kimball would collect as much as $546,310, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Kimball received $11,483 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Kimball will have already received $23,310 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up