Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(116,518 posts)
Thu Aug 18, 2016, 05:23 AM Aug 2016

Court: Ex-state pol’s pension contributions are fair game for forfeiture

The federal Second Circuit Court of Appeals ruled on Wednesday that disgraced former Assemblyman Eric Stevenson’s pension contributions are fair game as the feds seek to recoup $22,000 in ill-gotten gains.

The decision would seem to bolster arguments made by federal prosecutors that a state pension indeed can be raided, with the court siding with the argument that federal law trumps state constitutional protections of retirement funds.

More germane specifically to this case, the decision affirms the 36-month prison sentence and forfeiture of $22,000 leveled against Stevenson following the Bronx Democrat’s conviction for extortion and taking bribes in 2014.

The issue of pension forfeiture is something the state Legislature has attempted to and now is on its way toward addressing. A constitutional amendment that would allow for stripping of pensions from state lawmakers (regardless of when they first were elected*) and other top policy makers and officials convicted of a felony related to their office was passed for the first time at the end of the legislative session this year. It must be passed again in either 2017 or 2018 and would then go before the voters on the next general election ballot after the Legislature blesses it for a second time.

Read more: http://blog.timesunion.com/capitol/archives/266510/court-ex-state-pols-pension-contributions-are-fair-game-for-forfeiture/

Latest Discussions»Region Forums»New York»Court: Ex-state pol’s pen...