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TexasTowelie

(112,498 posts)
Sun Sep 17, 2017, 06:31 AM Sep 2017

Former Lincoln-Way chief Wyllie could lose $321,000 annual pension if convicted

Since the former superintendent of Lincoln-Way High School District 210 retired in 2013, his annual pension, currently north of $321,000, has ranked among the top teacher pensions in Illinois.

But after a federal grand jury this week indicted Lawrence Wyllie on fraud charges stemming from his tenure leading the south suburban school district, he stands to lose that pension distinction — and income — if convicted.

Felony convictions for crimes related to a person's work as a school official qualify for pension forfeiture, and Wyllie's case would qualify if he's convicted, Teachers' Retirement System spokesman Dave Urbanek said Friday. Wyllie's current annual pension is $321,443.52.

Federal prosecutors this week alleged Wyllie, 79, of Naperville, hid the "true financial health" of District 210 by misusing millions in bond money and fraudulently spent district funds on personal projects, including Superdog, a dog-training school he ordered built.

Read more: http://www.chicagotribune.com/suburbs/daily-southtown/news/ct-sta-wyllie-lincoln-way-retirement-st-0917-20170915-story.html

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