This Monday morning brings an anticipated Supreme Court opinion. Shortly after 10 a.m.the Court will issue its opinion on whether to set aside the guilty verdict in former Virginia Governor Bob McDonnell’s federal corruption jury trial. Political columnist Jeff Schapiro writes a good summary of the events leading up to the Court’s opinion today. (Richmond.com)
The conviction could be affirmed or reversed. Obviously, a lot is at stake for the whole McDonnell family. That includes the financial issue of whether he will receive his retirement pension. McDonnell was to receive 60% of his final governor salary as retirement, which was estimated to be about $3900 a month, if being received right now. If he chose to begin drawing his pension at age 65, his anticipated pension would be around $5400 a month.
The guilty conviction took that benefit away. So, not only will he be faced with his two year prison sentence today and a felony conviction on his record, but also a significant loss of income for the rest of his life.
If the conviction is set aside, he would get that money back. Otherwise, he will be directed to report to prison. Originally when McDonnell was told to report to jail by the 4th Circuit Court of Appeals, he had asked to be sent to the Federal Correctional Complex Petersburg, that is located in Hopewell, Virginia. As it stands, the Court would tell him when and where to report, if the conviction is affirmed.
These corruption charges related to political favors for money. As a side note, on this day in 1967, the first automated teller machine (ATM) was installed in London, England.
And for pic o’ day, some necessary planning ahead?