Stipe Gets $7,042 Monthly, Says Court
Disgraced former Senator Gene Stipe, now a convicted felon, gets to keep his $7,042 monthly state retirement checks, the Oklahoma Supreme Court ruled today.
The court upheld a district judge's ruling that Stipe is entitled to the sum, his full retirement benefit based on his years of service in the Legislature.
The board of the Oklahoma Public Employees Retirement System had appealed an Oklahoma County judge's decision reinstating Stipe's full benefits. The OPERS had reduced Stipe's pension to about $1,600 a month after he pleaded guilty to illegally funneling money into a 1998 congressional campaign.
Stipe argued his pension should not have been cut because his plea did not relate to his duties as a legislator.
The court upheld a district judge's ruling that Stipe is entitled to the sum, his full retirement benefit based on his years of service in the Legislature.
The board of the Oklahoma Public Employees Retirement System had appealed an Oklahoma County judge's decision reinstating Stipe's full benefits. The OPERS had reduced Stipe's pension to about $1,600 a month after he pleaded guilty to illegally funneling money into a 1998 congressional campaign.
Stipe argued his pension should not have been cut because his plea did not relate to his duties as a legislator.
Labels: Gene Stipe
posted by Mike McCarville @ 4:07 PM
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