Friday, February 19, 2010

Clout St: State Supreme Court rules no pension for jailed George Ryan

Illinois Supreme Court today ruled that imprisoned ex-Gov. George Ryan should not get get any of his state pension because of his federal conviction on political corruption charges.

The 6-1 decision means Ryan, who turns 76 next week, won't be able to start collecting about $5,900 a month, or image around $71,000 a year.

Ryan retired with a $150,691 salary as governor, but his 36 years climbing the ladder of local and state politics allowed him to collect about $200,000 a year until he was convicted

Madigan's argument was simple. Ryan should lose the whole pension because he was a member of the same state pension system before and after his crimes. He had shifted his pension credits from the nearly six years in county government to the state pension after joining the legislature in 1972.

pension payments had stopped in September 2006…Ryan received $235,500 from the pension system when his pension was voided, representing personal contributions he made to the retirement fund over the years

Click on the following for more details and references for the legal briefs on the subject:  Clout St: State Supreme Court rules no pension for jailed George Ryan

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