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Will Jesse Jackson Jr. Still Get a Federal Pension?

Jackson could get an estimated $45,000 per year in pension money, according to an official with the National Taxpayers Union.

Resigning from Congress may not mean a loss of pension money for former U.S. Rep. Jesse Jackson Jr., the Chicago Tribune reports.

Jackson, who left his seat last Wednesday and made mention of the federal investigation into his campaign spending, may still receive an annual pension of about $45,000 per year. He would lose that pension if he's convicted of certain federal corruption felonies.

National Taxpayers Union Executive Vice President Pete Sepp estimated the dollar amount and told Tribune reporters the former 2nd District congressman could get the pension when he turns 62.

The Tribune reports Jackson could receive a smaller amount if he chooses to draw the pension at age 56.

In his resignation letter, Jackson acknowledged mistakes he's made in the same paragraph in which he mentions the federal investigation. 

Gov. Pat Quinn set special election dates Monday with several candidates already jumping into the race, including former U.S. Rep. Debbie Halvorson and Jackson's recent opponents Marcus Lewis and the Rev. Anthony W. Williams. Newly re-elected State Sen. Toi Hutchinson has also announced plans to put together a campaign. 

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Joe Lake November 27, 2012 at 09:45 PM
JJJr: Prospect are 'grim.' Joe Lake, Chicago
NotBuyingIt November 28, 2012 at 03:04 AM
It's disgusting to think that we would have to fund this guys retirement.
Dinkum November 28, 2012 at 02:27 PM
The simple solution is he can begin drawing his pension once he pays for the special election. Check that. And holds a final fund raiser rally for the 100,000 D2 voters who said race and party line was above all else. All he has to do is convince them to share the expense. Open up your wallets D2 Jackson supporters/voters. But be warned he has a history of buying expensive watches and remodeling projects.
LocalRez November 28, 2012 at 06:52 PM
He should have to pay for the special election. He knew damn well he wasn't going to go to work. One last ego stroke for him cost the taxpayers how much? I hope they throw the book at him and he never sees another dime from the state or feds. Crooks belong in chain gangs not prisons with a single bed with clean sheets, 3 meals a day, healthcare and activities.

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