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Blago Loses $22,000

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Blago Loses $22,000

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CHICAGO, IL - DECEMBER 07: Former Illinois Governor Rod Blagojevich leaves his home to go to his sentencing hearing December 7, 2011 in Chicago, Illinois. Federal prosecutors are seeking a sentence of 15 to 20 years in prison for Blagojevich after he was found guilty of 17 public corruption charges. (Photo by Scott Olson/Getty Images)

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Rod Blagojevich’s state pension refund was lightened today by nearly $22,000 Thursday.

 
According to documents filed today in U.S. District Court, the state retirement system reported the balance in Blagojevich’s account was $129,167.86.  In order to satisfy a judgment from the former governor’s recent criminal trial, the fund was docked $21,800.  
 
The pension fund account balance represented Blagojevich’s contributions to the General Assembly Retirement System.  He will not be drawing his full pension, thanks to an opinion from Attorney General Lisa Madigan that he was now ineligible because of his criminal conviction.  
 
But Blagojevich can claim the actual contributions he made to the account.  Subtracting the penalty claimed by the courts, Blagojevich and his family are left with $107,367.86
 
The decision on Blagojevich’s state retirement does not affect the federal pension he accrued during six years in Congress.

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