Over 30 years of retirement, Hickey would collect as much as $4.94 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Hickey received $103,869 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 2 years of retirement, Hickey will have already received $210,854 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.