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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (77249)1/7/2010 9:33:14 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 224729
 
Pension should cushion fall from grace ($83,000 per year!!!!!)
baltimoresun.com ^ | 1/7/2010

baltimoresun.com

What's the difference between a criminal conviction and "probation before judgment"?

For Mayor Sheila Dixon (DEMOCRAT), it's hundreds of thousands of dollars in retirement money - one of the biggest things at stake in her legal troubles. By technically avoiding conviction under a plea deal reached Wednesday, she remains eligible for an $83,000 annual pension that not only starts paying out immediately after she leaves office but rises over time along with the salary of whoever is mayor of Baltimore.

So the mayor who put Baltimore through two years of hell will get a handsome check from city taxpayers for years to come. At 56, actuaries say, she ought to live another 27 years. That would give her $2.2 million over time even before accounting for any cost-of-living raise.

"She can start collecting right away because she meets all the qualifications," said Roselyn Spencer, executive director of the city's employees and elected officials retirement systems.