Over 30 years of retirement, Stephenson would collect as much as $336,263, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
The projection assumes Stephenson received $7,068 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Stephenson will have already received $7,068 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up