Over 30 years of retirement, Kates would collect as much as $2.97 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Kates received $62,412 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Kates will have already received $192,909 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.