Over 30 years of retirement, Scarano would collect as much as $973,609, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.
The projection assumes Scarano received $20,464 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Scarano will have already received $63,252 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up