Over 30 years of retirement, Gibson would collect as much as $1.66 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.
The projection assumes Gibson received $34,884 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Gibson will have already received $107,824 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.
Alerts Sign-up