HUFFINGTON POST: …The calculations were made through the standard formula for anyone in the State Employees’ Retirement System, according to his family. Paterno never accessed his pension…
But the formula to calculate the pension could account for no more than $240,000 in salary, the family said. …
Still, Paterno’s total compensation paled in comparison to many of college football’s other well-known coaches, especially since Penn State won two national titles under Paterno. For instance, Alabama pays Nick Saban more than $4.6 million a year, while Oklahoma’s Bob Stoops earns nearly $4 million…. (more)
EDITOR: Paterno did not draw on his pension so apparently it accumulated over two decades.
