Over 30 years of retirement, Paddock would collect as much as $2.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.
The projection assumes Paddock received $44,862 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Paddock will have already received $138,664 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.