Over 30 years of retirement, Hedrick would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.
The projection assumes Hedrick received $44,981 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Hedrick will have already received $139,031 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.
Alerts Sign-up