After pleading guilty, Wake Co. Register of Deeds Laura Riddick to lose some pension

[TexasTowelie]

RALEIGH -- Despite pleading guilty to six counts of felony embezzlement last week, former Wake County Register of Deeds Laura Riddick still receives $89,000 a year from the state’s pension system.

But that may soon change.

Dale Folwell, North Carolina’s State Treasurer, told the N&O in an interview Monday that his office plans to apply the state law for ceasing pension payments to Riddick.

Riddick pleaded guilty Aug. 24 to stealing more than $926,000 from the deeds office over a six-year period. Riddick, who retired last fall after leading the office for 20 years, still receives a pension of $7,428 a month — $5,928 from the fund for local government employees and an additional $1,500 from a fund for Registers of Deeds. (Under state law, registers of deeds with 10 years in office are eligible for a supplemental pension that’s not available to most other local government employees.)

Read more: https://www.newsobserver.com/news/politics-government/article217389005.html

[Sherman A1]

1. Good

Hope she gets the opportunity to pay back every dime plus interest and penalties. She violated the public trust and does not deserve to receive any benefit from her service.