Sandusky, Schultz draw hefty pensions from PSU
November 13, 2011
November 13, 2011
Sandusky accepted a lump sum payment of over $148,000 from the State Employees upon retiring from Penn State in 1999. Since then, Sandusky has been deriving monthly pension payments that total $58,898 annually.
As for Schultz, upon his first retirement, he accepted a lump sum of $421,847, and currently draws a pension of $27,558 per month -- enough for an annual income of over $330,000 in pension.