Halleluja

Retirement board suspends DiMasi pension

By State House News Service
Thursday, October 29, 2009 -

The state Retirement Board voted today to suspend the pension of former House Speaker Salvatore DiMasi, who is battling public corruption charges. But under the vote, which was taken in closed executive session, DiMasi will receive $25,000 in pension payments dating back to June, with the suspension of his pension effective on November 1.

Treasurer Tim Cahill, who oversees the retirement board, administratively suspended DiMasi’s pension on June 9, seven days after his indictment on charges that he allegedly used his office to secure contracts aimed at enriching himself and three associates.

A very busy week, including some good news

Lawmakers agree on pension bill

But it's not enough: see the Herald:  Bill to reform pension abuse called 1st step, but not enough

"Cost savings from the bill are limited because it targets a very small population of the most jaw-dropping abuses, said Sen. Steven C. Panagiotakos (D-Lowell) who sat on the committee that released the bill."

Ed: I like this Panagiotakos guy!

Also:  DiMasi's pension suspended

 (ed: I'm surprised he was only taking in ~$50k)