Over 30 years of retirement, Coad would collect as much as $5.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Coad received $113,436 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Coad will have already received $350,619 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.