Monday, October 27, 2008

Don't cry for Ted Stevens, he will keep his pension

Senator Ted Stevens was convicted on all 7 counts today by a jury.

But as NTU reported earlier the taxpayers will still have to pay him a full pension.
Stevens was indicted earlier this week on seven counts of falsifying financial information on his mandatory Senate financial disclosure forms. A bill signed by President Bush in September 2007 deprives a lawmaker of his or her pension only for final conviction of certain offenses committed after the bill's enactment. Most of the charges against Stevens are for offenses he allegedly committed before that time. Moreover, none of the charges for violations he may have committed after September 2007 are among the 10 specific felony offenses (including bribery, conspiracy, and racketeering) that constitute pension removal under current law.