Jackson Jr.’s federal pension in jeopardy
Former Congressman Jesse Jackson Jr. may lose out on his federal pension.
Jackson would have been eligible to collect a pension amount estimated at $45,000 a year when he reached 62 years old. But the federal charges leveled against him may change all of that.
Attorney Ken Gross tells the Chicago Tribune, there is a law that strips pensions away from lawmakers convicted of public corruption crimes.
Jackson served nearly 17 years congress before resigning from office on November 21, 2012.
Last week, court documents were filed accusing Jackson of misusing $750,000 in campaign funds over a 7-year period. The money was allegedly spent on furs, rolex watches, and Hollywood memorabilia.
Jackson is expected to plead guilty to misusing campaign funds.
Jackson’s wife, Sandi, was also accused of understating the couples income on tax returns for six years.
She resigned from her post as 7th ward Alderman last month.