Over 30 years of retirement, Linwood would collect as much as $784,920, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Linwood received $16,498 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Linwood will have already received $50,994 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up