Over 30 years of retirement, Petty would collect as much as $3.48 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.
The projection assumes Petty received $73,175 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 3 years of retirement, Petty will have already received $226,176 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.