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Paterno’s state pension totals $13.4 million

Joe Paterno, Susan Paterno AP

When you’ve been employed at a state institution for more than six decades, these are exactly the kind of numbers that accrue.

The family of the late Joe Paterno announced Tuesday that the former head coach’s wife Sue will be paid a total of $13.4 million in pension earned by her husband during his nearly 62 years at Penn State.  The family wrote in the statement, by way of the Associated Press, that the eight-figure sum was reached by utilizing “the standard formula for anyone in the State Employees’ Retirement System.”

Paterno’s wife will receive a payment of $10.1 million by the end of this month, with the remainder of the money coming to the widow over the next two years.

In late April, the Paterno estate received a payment of $5.5 million that ended PSU’s contractual relationship with the coach.

The family’s spokesperson said Sue Paterno will donate a total of $1.5 million to “Penn State-related or State College-area charities.”  The Paternos were well-known for their philanthropy throughout their time in State College, including a donation of over $4 million for what would eventually be called the Paterno Library.

After his firing late last year and before his death in January, Paterno also donated $100,000 to the university.

Of the 60-plus years spent with the Nittany Lions, Paterno was head coach for 46 years (1966-2011) and an assistant for the previous 16 years (1950-1965).

Paterno was fired the night of Nov. 9, 2011, in the wake of the Jerry Sandusky child-sex abuse scandal and, a little over a week after his dismissal, was diagnosed with lung cancer.  The coaching icon lost his battle with the disease on Jan. 22 of this year at the age of 85.

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14 Responses to “Paterno’s state pension totals $13.4 million”
  1. bozosforall says: May 22, 2012 2:08 PM

    The family’s spokesperson said Sue Paterno will donate a total of $1.5 million to “Penn State-related or State College-area charities.”

    __
    Even after Joe got dragged through the mud, Sue Paterno and her family show who has TRUE CLASS. Kudos to you, Mrs. Paterno..for showing who the real winners are in life (Hint: NONE of the Board of Trustees members, who are the biggest slimeballs on the planet).

  2. explosionsauce says: May 22, 2012 2:51 PM

    Bring on the civil suits!

  3. geo4444 says: May 22, 2012 3:09 PM

    Paterno’s are a class act.

    Joe, you earned it.

    Sue, all you Paterno’s continue to show a level of class most people will only attack.

    Thanks again for all the memories and top notch leadership.

  4. stairwayto7 says: May 22, 2012 3:55 PM

    GREATEST COACH EVER!

  5. florida727 says: May 22, 2012 4:01 PM

    I think this really does show what kind of person Mrs. Paterno is. After everything that’s been said about her husband, nobody would blame her if she chose to shut herself in, take a hardline against any and all that criticized her husband, and stay out of the proverbial limelight. Instead, she chooses to continue a tradition of giving to the school and the community.

    Whether you’re the staunchest of PSU fans, or one of their fiercest critics, the one thing everyone has to agree on is that Mrs. Paterno is putting others needs ahead of all else.

    I say well done, Mrs. P.

  6. showerswithsandusky says: May 22, 2012 4:06 PM

    Do the right thing Sue. Give the money to victims of PSU Bath House. Sell all your belongs and give them all that money too. It’s the least YOU could do.

  7. mulletcork says: May 22, 2012 4:14 PM

    The Paternos deserve not a penny of that money after that senile old dog Joe turned a blind eye to this disgusting scandal for so many years.

  8. chiefagc5675 says: May 22, 2012 4:41 PM

    mulletcork- I can picture you easily.
    You’re confusing COACH Paterno with the Prosecutor who could have gone forward with the arrest of Sandusky years ago- you might know him as the Republican Governor of Pa.
    The guy giving oil companies a free ride but cutting money for education. Republicans are such creeps.

  9. joewilliesshnoz says: May 22, 2012 4:53 PM

    She better spend it fast, it’s gonna get real messy up at Pedophile St. soon .

  10. dhlions says: May 22, 2012 5:17 PM

    Say what you want about Joe Paterno (even though the family has rightfully earned that money), I’m guessing this amount pales in comparison to the amount of pension the State pays to PennDOT. You know, the packs of 15-30 guys you see standing behind one dude with a jackhammer, all doing nothing because they know they get paid more if they work “overtime.”

  11. vonsieg says: May 22, 2012 6:37 PM

    Still cannot bring JoePa back. The greatest!

  12. dirtyharry1971 says: May 22, 2012 10:12 PM

    13MIL?? To be a coach? And the PA tax payers are footing this bill? Are you kidding me? No wonder the state is going broke and no wonder joe didnt want his salary to be made public. Heck i wonder if he wore a mask on payday, he should have!! And you gotta love these idiot psu fans who still stick up for him, what a class less bunch they are

  13. dhlions says: May 22, 2012 10:33 PM

    @DirtyHarry1971

    Uhhhh…. $13 million for a state employee of 61 years doesn’t seem like thaaaat much. Disregarding the whole inflation concept, that would be a little more than $200k in state revenue per year.

    I’ll bet my bottom dollar that JoePa generated more than $200k in tax revenue per year.

  14. chiefagc5675 says: May 23, 2012 10:32 AM

    Dirty Harry- you are ignorant- years ago when the Patriot News got it’s panties in a wad because Penn State wouldn’t release Paterno’s salary, they took the University to court and won- kind of- Paterno was only being paid $500,000 at a time when a number of other less successful coaches were making millions more. At the time of his death he was making a little over a million. Penn State must have been embarrassed that they were outed paying the winningest coach in major college football a pittance. His retirement
    income of $13 million was not computed as a coach but as an employee of the state for 61 years.
    You’re a disgrace to dirty harry.

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