Joe Paterno earned a state pension of $13.4-million for his 61-year coaching career at Penn State.
Paterno's family announced Tuesday through a spokesman that Paterno's widow, Sue, would receive an initial payment of $10.1-million by the end of May, with the rest to be paid out over the next two years.
The family says calculations were made through the standard formula for anyone in the State Employees' Retirement System. Paterno never accessed his pension. Family spokesman Dan McGinn says the Paternos will also donate $1.5-million to Penn State-related or State College-area charities.
Paterno died in January at age 85, less than three months after being ousted by the trustees in the aftermath of child sexual abuse charges against retired assistant coach Jerry Sandusky.
I would've just posted this on Facebook, but Facebook doesn't allow you to post GIFs (like this little animation).
Maybe the $1.1 BILLION price tag isn't so crazy?
Monday May 20th
Summer Movies Preview
Grae Drake - Senior Editor, Rotten Tomatoes.com
Tuesday May 21st
Guest Cohost David Ickes
Wednesday May 22nd
Blair County Tea Party
Thursday May 23rd
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