Tuesday, June 28, 2011

Blagojevich Likely to Lose State Pension

But he also has a federal pension, available at age 62, for the three terms he served in Congress.

At Chicago Tribune:

SPRINGFIELD — Ex-Gov. Rod Blagojevich stands to lose a $65,000-a-year state pension as a felon, but he's likely to be eligible for $15,000 a year in federal retirement pay for his time as a congressman.

The defrocked Democrat also would be eligible for a refund of about $128,000 in personal contributions he made to the state's retirement fund.

Such is the financial fallout Blagojevich and his family face following Monday's guilty verdict on 17 corruption counts and last year's conviction for lying to the FBI.

Blagojevich served 10 years in state government — four years as a state representative and six as governor — before he was impeached and tossed from office in January 2009. Had he not been convicted of any crimes, Blagojevich would have been able to draw a $65,000-a-year state pension beginning Dec. 10, when he turns 55.

No ruling has been made on whether he can collect the state pension.