Blago's Illinois payday: $107,367.86
March 1, 2012 (CHICAGO) (WLS) -- Exactly two weeks before fallen Illinois Governor Rod Blagojevich has to report to the federal pen, he has learned -- to the penny -- how much spending money he will leave for his family.
Blagojevich will now have $107,367.86 for his wife and two daughters, after a judge in Chicago made way for the release of state pension contributions made by Blagojevich, minus what he owes the federal government.
In paperwork on file Thursday with the federal court in Chicago, U.S. District Judge James Zagel ordered that $21,800 be taken from Blagojevich's $129,167.86 in state retirement plan contributions to satisfy his judgment debt.
The Northwest Side Democrat was convicted in pay-to-pay schemes and sentenced to 14 years in prison.
When he was governor, enjoying the all-expense-paid trappings of Illinois' top elective office, Mr. Blagojevich socked away the six-figure state pension account. He could have drawn the pension at age 55.
Last year though, Illinois Attorney General Lisa Madigan issued an opinion determining the prison-bound former governor was ineligible to receive a state pension because of his felony corruption convictions.
While Madigan's decision vetoed Blagojevich's state pension draw, the General Assembly Retirement System was obligated to refund money he contributed from state paychecks-subtracting any interest that had accrued.
As the latest Illinois governor headed to prison, Blagojevich has until Thursday, March 15 to report. He will be serving time at a facility in Colorado, where he requested to be housed.
While he is incarcerated, Blagojevich will apparently still be eligible to receive a federal pension of roughly $15,000 a year for serving six years in Congress. He can begin collecting that when he turns 62.
- Wrong-way driver collides with semi on Skyway 22 min ago
- Mayor to expand repaving initiative for potholes
- Girl, 3, ID'd after fatal Rogers Park mattress fire
- ABC7 First Alert Weather Forecast
- Tinley Park HS teacher resigns after sex assault charges
- Man shot to death in Hammond 9 min ago
- Man charged with murder for South Side bar shooting
- Chicago-Portland flight allegedly disrupted by man who wanted 4...
- Police: Woman sexually assaulted on Northwest Side
- Sign of Spring: Original Rainbow Cone now open
- NJ judge rules moms don't have to let dads in delivery room
- Beer lawsuit alleges hockey arena charged $3 more for same-size...
- Photos: 'Modern Family' house on market for $2.35M 18 min ago
- abcnews: Amazon Accused of Cheating on Free Shipping
- 7 in :77
- Wrong-way driver collides with semi on Skyway
22 min ago