Jackson Jr.’s federal pension in jeopardy

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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.

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    You admitted guilt, bye bye pension and hello prison. Plus, don't forget to pay back all you stole. Maybe daddy will help you out with all of what he is currently stealing!

  • John

    Jeopardy?! He waived it already the moment he betrayed the people and signed the plea deal. This should also apply to every Illinois government employee and official convicted of fraud, graft, embezzelment, and corruption! Moreover, seize all their properties as well!

  • Kyle

    Why do any of them have pension? This is not suppose to be a full time job and is definitely not the 252 days a year the rest of us work. Add to that he has not worked and equivalent of 20+ years (of > 5,000 days in the office).

  • pagan69

    When you are kicked out of the military, you lose everything. If it is good enough for our underpaid, over worked, endangered military it should be good enough for our defrocked public servants. That is all you wer buddy a public servent, somewhere along the line these people in public office forget the rules apply to them and that they work for us not themselves.As for the wife those people that she was paid to represent should demand their money back.

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