Refresh  
  Page last updated on Fri Jul 01 00:23:51 EDT 2016
TOP NEWS
FORMER PENN STATE FOOTBALL COACH 60 YEAR SERVICE PUTS HIM IN LINE FOR A PENSION OF MORE THAN $500,000 A YEAR
Sun, 20 Nov 2011 09:08 PM EST

Previous Penn State soccer coach Joe Paterno’s long service at the school theoretically places him in line for a pension of more than $500,000 a year, according to an Associated Press research of state public allowance records. Las Vegas odds

Paterno’s pension records got Tuesday from the state Employees’ Retirement System credit him with over Sixty years in the system.

His pay rose from $541,000 to $568,000 over the last 3 full calendar years. The formula used to figure out benefits makes him eligible for an allowance equal to One hundred percent of the average of his 3 highest-salary years. Vegas odds

When Paterno retires, he is going to have to make a group of choices to determine his allowance, including whether to designate a survivor to get benefits after he dies and whether to obtain an one off, lump-sum payment of his very own contributions. There is also a long-service supplement that would boost Paterno to 110 percent of his final average income.

State Workers’ Retirement System spokesman Pamela Hile said Internal Cash Code and Retirement Code benefit boundaries might also apply, so that the agency does not issue estimated allowance benefits ahead of time.

A 2006 report on Pennsylvania state allowances said the biggest annuity at that time inside SERS was $254,000, being collected by a Penn State surgery professor who had withdrawn a $554,000 lump sum.

Paterno hasn’t been charged with any crime, and state prosecutors have claimed he is not a target.

Paterno, 84, was sacked as head soccer coach last week after his onetime top assistant Jerry Sandusky was charged with sexually abusing boys, including some on campus, for more than 15 years. But he has come under criticism for how he answered when a graduate aid asserted he saw Sandusky sexually attacking a boy in the football team locker room shower.

Sandusky has denied the claims against him, acknowledging he showered with small boys and cuddled them but saying his behaviour was nothing more than horseplay. A grand jury report declared Paterno made contact with the athletic director but didn’t go to police, and he has said he wishes he had done more. He told NBC News ‘ “Rock Center” on Monday that he is not a sex offender, but should not have showered with the boys he is charged with sexually attacking.

The retirement system also confirmed Tuesday that Sandusky collects a $59,000 annual allowance and withdrew $148,000 upon retiring.


Sponsored Links

Download Printable Schedules
Now you can download and print schedules for each sport so you can plan ahead and track your results.
UPDATED:
BASEBALL 6/5/2016 - 8/9/2016
TOP TEN WAGERS
RK Team
1
Chicago Cubs
2
Texas Rangers
3
Baltimore Orioles
4
San Francisco Giants
5
Cleveland Indians
06/30/2016
MLBSFO GIANTS vs OAK ATHLETICS (PROPS)7:05 PM PST
MLBBAL ORIOLES vs SEA MARINERS7:10 PM PST
07/01/2016
ATP - Wimbledon, London, Great BritainKYRGIOS, NICK vs. BROWN, DUSTIN03:00 AM PST
ATP - Wimbledon, London, Great BritainMONACO, JUAN vs. TSONGA, JO-WILFRIED03:00 AM PST
ATP - Wimbledon, London, Great BritainBECKER, BENJAMIN vs. BERDYCH, TOMAS03:00 AM PST
ATP - Wimbledon, London, Great BritainPOUILLE, LUCAS vs. YOUNG, DONALD03:00 AM PST
ATP - Wimbledon, London, Great BritainZVEREV, ALEXANDER vs. YOUZHNY, MIKHAIL03:00 AM PST
ATP - Wimbledon, London, Great BritainISNER, JOHN vs. BARTON, MATTHEW03:00 AM PST
ATP - Wimbledon, London, Great BritainFOGNINI, FABIO vs. LOPEZ, FELICIANO03:00 AM PST
ATP - Wimbledon, London, Great Britain, DoublesPELLA G / ZEBALLOS H vs. DURAN G / GONZALEZ M03:00 AM PST
WTA - Wimbledon, London, Great Britain, DoublesMEDINA GARRIGUES A / PARRA SANTONJA A vs. KREJCIKOVA B / SINIAKOVA K03:00 AM PST
WTA - Wimbledon, London, Great Britain, DoublesMOORE T / PERRIN C vs. DUQUE-MARINO M / PUIG M03:25 AM PST
ATP - Wimbledon, London, Great Britain, DoublesLAJOVIC D / TROICKI V vs. DOLGOPOLOV A / STAKHOVSKY S04:15 AM PST
WTA - Wimbledon, London, Great BritainMOORE, TARA vs. KUZNETSOVA, SVETLANA04:30 AM PST
WTA - Wimbledon, London, Great BritainPUTINTSEVA, YULIA vs. PAVLYUCHENKOVA, ANASTASIA04:30 AM PST
WTA - Wimbledon, London, Great BritainSTEPHENS, SLOANE vs. MINELLA, MANDY04:30 AM PST
WTA - Wimbledon, London, Great BritainKVITOVA, PETRA vs. MAKAROVA, EKATERINA04:30 AM PST
WTA - Wimbledon, London, Great BritainBACSINSZKY, TIMEA vs. NICULESCU, MONICA04:30 AM PST
WTA - Wimbledon, London, Great BritainRODINA, EVGENIYA vs. STRYCOVA, BARBORA04:30 AM PST
WTA - Wimbledon, London, Great BritainERAKOVIC, MARINA vs. SUAREZ NAVARRO, CARLA04:30 AM PST
ATP - Wimbledon, London, Great BritainDEL POTRO, JUAN MARTIN vs. WAWRINKA, STAN05:00 AM PST
WTA - Wimbledon, London, Great BritainWILLIAMS, VENUS vs. KASATKINA, DARIA05:00 AM PST
WTA - Wimbledon, London, Great Britain, DoublesFLIPKENS K / PETKOVIC A vs. KONTA J / SANCHEZ M05:35 AM PST
ATP - Wimbledon, London, Great BritainGOFFIN, DAVID vs. ISTOMIN, DENIS05:45 AM PST
ATP - Wimbledon, London, Great BritainHERBERT, PIERRE HUGUES vs. MAHUT, NICOLAS05:45 AM PST
ATP - Wimbledon, London, Great BritainCILIC, MARIN vs. LACKO, LUKAS05:45 AM PST
ATP - Wimbledon, London, Great BritainJOHNSON, STEVE vs. DIMITROV, GRIGOR05:45 AM PST
ATP - Wimbledon, London, Great BritainKUZNETSOV, ANDREY vs. NISHIKORI, KEI05:45 AM PST
WTA - Wimbledon, London, Great BritainLISICKI, SABINE vs. SHVEDOVA, YAROSLAVA05:45 AM PST
WTA - Wimbledon, London, Great BritainDOI, MISAKI vs. FRIEDSAM, ANNA-LENA06:00 AM PST
ATP - Wimbledon, London, Great BritainDJOKOVIC, NOVAK vs. QUERREY, SAM06:15 AM PST
WTA - Wimbledon, London, Great BritainWILLIAMS, SERENA vs. MCHALE, CHRISTINA06:30 AM PST
ATP - Wimbledon, London, Great Britain, DoublesMULLER G / NIELSEN F vs. KLAASEN R / RAM R07:00 AM PST
WTA - Wimbledon, London, Great BritainHALEP, SIMONA vs. BERTENS, KIKI07:15 AM PST
WTA - Wimbledon, London, Great BritainCORNET, ALIZE vs. KEYS, MADISON07:15 AM PST
WTA - Wimbledon, London, Great BritainWITTHOEFT, CARINA vs. KERBER, ANGELIQUE07:15 AM PST
WTA - Wimbledon, London, Great BritainSAFAROVA, LUCIE vs. CEPELOVA, JANA07:15 AM PST
ATP - Wimbledon, London, Great BritainFEDERER, ROGER vs. EVANS, DANIEL07:45 AM PST
ATP - Wimbledon, London, Great BritainSOCK, JACK vs. RAONIC, MILOS07:45 AM PST
WTA - Wimbledon, London, Great Britain, DoublesGOERGES J / PLISKOVA K vs. ALLERTOVA D / SCHMIEDLOVA A K08:10 AM PST
MLBClev Indians vs Tor Blue Jays10:05 AM PST
MLBCin Reds vs Was Nationals3:05 PM PST
MLBKC Royals vs Phi Phillies4:05 PM PST
MLBChi Cubs vs NY Mets4:10 PM PST
MLBDet Tigers vs TB Rays4:10 PM PST
MLBLA Angels vs Bos Red Sox4:10 PM PST
MLBMia Marlins vs Atl Braves4:35 PM PST
MLBChi White Sox vs Hou Astros5:10 PM PST
MLBTex Rangers vs Min Twins5:10 PM PST
MLBMil Brewers vs StL Cardinals5:15 PM PST
MLBSFO Giants vs Ari Diamondbacks6:40 PM PST
MLBPitt Pirates vs Oak Athletics7:05 PM PST
MLBCol Rockies vs LA Dodgers7:10 PM PST
MLBBal Orioles vs Sea Mariners7:10 PM PST
MLBNY YANKEES vs SDG PADRES7:40 PM PST

x