Wayne Township superintendent's $1M retirement package creates storm

(IndyStar.com) - In 2007, the Wayne Township School Board and then-Superintendent Terry Thompson agreed to a renegotiated contract that provided a generous retirement package for whenever Thompson decided to step down.

But it wasn't until this month that board members realized just how lucrative that deal was, to the tune of more than $1 million.

Thompson, 64, who retired in December after 15 years with the district, already has received more than $800,000 of his retirement deal, which included a year's base pay at more than $225,000, as well as contract provisions that kicked in hundreds of thousands more.

But that's not all.