Judge Releases State Pension Funds to Blagojevich

By WEEK Reporter

March 1, 2012 Updated Oct 26, 2013 at 2:19 AM CDT

CHICAGO, Ill. -- Former Governor Rod Blagojevich has learned --- to the exact penny -- how much spending money he will leave for his family after reporting to a federal penitentiary later this month.

The 55 year old's criminal conviction has been deemed him ineligible to withdraw his full state pension.

In court documents filed with federal court Thursday, U.S. District Judge James Zagel approved the release of his contributions made to the account -- minus $21,800 in court penalties.

The Blagojevich family will now receive just over $107,000.

Thursday's decision does not affect Blagojevich's federal pension of roughly $15,000 a year accrued during his six years in Congress.

He can begin collecting that when he turns 62.

Blagojevich is set to begin his 14 year prison sentence March 15th.

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