PITTSBURGH (KDKA) – A new report on pension costs in Pennsylvania retired educators collecting hundreds of thousands of dollars.
Among the top recipients is a former Penn State University who pleaded guilty to charges connected to the Jerry Sandusky scandal.
Traditionally pensions are calculated by taking a look at the state employee’s highest average salary over three years. It also takes years of into consideration.
The top 20 highest pensions in the state earn more than $215K per year in benefits. That amount is so that it has to be paid by two plans because it exceeds the IRS’ maximum for pension caps.
Here are the top five pensions in the state:
- Rodney Erickson – Penn State – $477,591
- Stephen Benkovic – Penn State – $443,880
- William Kingsley – Shippensburg University – $385,819
- Leonard Jefferson – Penn State – $371,994
- Irene Mitchel – East Stroudsburg University – $332,017
Former Penn State vice Gary Schultz, who pleaded guilty in the Jerry Sandusky scandal, ranks near the top of the list with $330,699.
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