State Retirees Raking in Big Bucs

Three years after retiring as president of Pennsylvania State University, Rodney Erickson is netting $477,590 a year ” from a state pension.

Gary Schultz, the former Penn State vice president who pleaded guilty in the Jerry Sandusky scandal, takes home $330,699 in pension benefits. Former state lawmaker Frank Oliver, a Democrat who represented North Philadelphia, gets $286,117.

More than 127,000 former Pennsylvania state employees or their beneficiaries collect public pension checks each month, and most are comparatively paltry. The average paid out last year was $27,722.

But despite reforms in the system ” which mostly affect future retirees ” and a move by some states to cap retirement payments, a separate class of Keystone State pensioners will continue to receive checks that alone put them among the top tier of all income earners in the United States.

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