$80,000/Year Pension for Widow of Former Metra CEO

Thursday, Oct 21, 2010  |  Updated 10:30 PM CDT
View Comments (
)
|
Email
|
Print
Metra Board Outlines How Pagano Got Funds

Chicago Sun-Times

Phil Pagano

Photos and Videos

Metra Board Outlines How Pagano Got Funds

Former Metra chief Phil Pagano cashed out vacation allotments each year, without regard to whether he actually intended to take time off, board says.
More Photos and Videos

Metra on Thursday revealed that it will pay an $80,000/year pension to the widow of its disgraced, longtime executive director.

Phil Pagano committed suicide on May 7 by stepping in front of a Metra train after allegations surfaced that he took nearly $500,000 worth of unauthorized advances in vacation pay.

The Regional Transportation Authority, the body that overseas Metra, has made assurances that the benefit was not based under any compensation Pagano may have obtained under questionable circumstances, the Chicago Tribune reported.

In addtion, a new report by accounting firm Ernst & Young found that for the past 10 years, Metra's board of directors did nothing to review executive pay, expense accounts or benefits.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out