Sandusky still receiving almost $5000 per month in pension payments

[Amerigo Vespucci]

The report comes after separate revelations that Sandusky was continuing to receive hefty pension payouts from the university. According to the Harrisburg Patriot-News, Sandusky took a nearly $150,000 lump-sum payment at retirement and still gets almost $60,000 a year.

Sandusky, 67, has been charged with 21 felony counts for allegedly sexually abusing eight boys over a 15-year period. He denies the charges.

Sandusky retired from his assistant coaching position in 1999, but retained coach "emeritus" status and access to Penn State facilities. Upon his retirement, he chose to take a $148,271 lump-sum pension payment from the State Employees' Retirement System, the newspaper reported.

The remainder of his pension is paid out on a monthly basis and totals $58,898 annually.

Read more: http://www.foxnews.com/us/2011/11/13/former-penn-state-assistant-coach-reportedly-continues-to-receive-monthly/#ixzz1diFMKmES

[TBMASE]

1. Plenty of money to pay damages

[Fumesucker]

2. Not if it's been put in his wife's name.. n/t

[godai]

3. Paterno's likely doing the same thing. n/t

[treestar]

7. Not sure if that would work

That's the kind of trick people think will work, but if you look at the laws on execution of judgments, it may be considered a fraudulent transfer and still be recoverable. It definitely would be for a bankruptcy trustee.

[dtexdem]

4. Good, then there's something for his victims to go after.

I hope he watches that happening from a prison cell.

[treestar]

5. He hasn't been convicted yet

I've never seen such a presumption of guilt before, ever.

So now an accused's income should be stopped?

[TBF]

6. Innocent until proven guilty in a court of law. nt