Over 30 years of retirement, Malone would collect as much as $1.47 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.
The projection assumes Malone received $30,798 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Malone will have already received $62,520 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.