Thursday, March 15, 2012

Mystery cash eases retirement Extra $302,000 puts official's pension at top of the chart Series: PENSION JACKPOT: STRIKING IT RICH ON THE TAXPAYERS' DIME

The treasurer of an obscure township agency retired last fall withone of the richest government pensions in Illinois after hereportedly was paid an extra $103,000--more than 70 percent of hisannual salary.

It was at least the fifth straight year that Lawrence Hupe, theWorth Township school treasurer, was paid at least 25 percent morethan his annual salary, government records show.

Altogether, those unexplained increases were worth an extra$300,000-plus in pay for Hupe, whose final salary before retiringlast year was $143,325. That extra pay increased his annual pensionto $153,835, eclipsing most other government pensions in the state ofIllinois. Hupe's pension is …

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