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Posted at 03:27 PM ET, 05/22/2012

Joe Paterno’s widow will receive Penn State pension of $13.4 million

Over a 61-year coaching career at Penn State University, Joe Paterno, who died in January at the age of 85, earned a pension of $13.4 million.

His widow, Sue Paterno, will receive a $10.1 million payment by the end of the month, with the remainder to be paid over the next two years, a Paterno family spokesman told the Associated Press.

The Paterno family said that the pension was calculated using the State Employees’ Retirement System formula. Paterno, who coached until he was fired last November in the wake of the burgeoning Jerry Sandusky child sex-abuse scandal, never took his pension.

Sandusky faces 52 counts of alleged abuse of 10 boys over a 15-year period, allegations he has denied. Jury selection in his trial is scheduled to begin June 5.

The Paternos, according to family spokesman Dan McGinn, intend to donate $1.5 million to charities related either to Penn State or State College.

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By  |  03:27 PM ET, 05/22/2012

 
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