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

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    NEWSLETTERS

    TK
    Chicago Sun-Times
    Phil Pagano

    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.

    Metra Board Outlines How Pagano Got Funds

    [CHI] 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.

    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.