Over 30 years of retirement, Bailey would collect as much as $1.95 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Bailey received $40,900 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 4 years of retirement, Bailey will have already received $171,111 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.