17 Comments for this article

Tags: , , , ,

RALEIGH, NC (ABC11.com) — Former North Carolina Governor Mike Easley has his license to practice law again.

The two-term Democratic governor hasn’t had a license in over two years.

His law license was suspended after he accepted criminal responsibility for an improperly filed campaign finance report. He had been under investigation for flights he took on private planes as a candidate and his real estate dealings. He was not charged with any other crimes.

Click here to read more at ABC11.com

Comment on this Story

Leave a Reply

17 Comments on "Mike Easley gets law license back"

2015 years 8 months ago

The state pension system – for those who don’t know how it works.
Keep the figures simple $100,000 per year salary – this is VERY rare as the vast majority make far less than that. It is a contributory pension 6% minimum by the employee. Matched by the state.
So every year that persons retirement fund has $12,000 contributed towards it after 35 years you have $420,000 in that account – but that does not take into account investment growth – which for historical purposes has been very good.
Over 30 years that account could be worth well over $1 Million – total between employee contribution, employer contribution and investment growth.
OK he retires. He gets 66% of his salary or $66,000 per year. He’s got 15 years worth of income but his account STILL grows as investments show growth. Lets assume he’s got 20 years worth of income and he lives to be 90. He drains his account and all is fine and dandy.
But what happens if he dies the day after he retires? (I know someone who did just this, sadly). Using the example above – He contributed $210,000 his widow gets a portion of that. The states portion $210,000 and the investment growth portion, $520,000 stay in the system and continue to grow to fund those who maybe retire early or live longer than expected. This covers administration costs as well. With a system as large as North Carolina’s you can be assured they make a LOT of money on investments, even conservative ones like Treasury bonds. Heck, most municipal bonds (Muni’s) pay 7 or 8% or higher – and the NC retirement system can move the stock and bond market all by itself.
The system can be gamed but those instances are few and far between considering how big the system is and how many people it covers. So when I hear a comment like “The taxpayers are funding his $71,000 retirement” I have to laugh. Yes we are funding it – as is Easely but the implication is it’s all coming out of our pockets.
Of course if you want to believe that – then think about how McCrory now can nominate 1,000 people to state positions (many that pay BIG Wages) and how much THAT will cost us. It’s 2X as many as ANY other Governor has had the ability to appoint – in history.
Tom – I’m registered as non-affiliated for JUST this reason. I can criticize Dem/GOP politicians alike because I basically don’t trust either party and McCrory’s penchant for giving out BIG pay raises and his ability to appoint 1000 people to plum government jobs (I hope he doesn’t use all 1,000) could make his term(s) as Governor the most costly in state history as far as the Pension plan goes.
I hope he proves me wrong


2015 years 8 months ago

From the treasurers webpage:

Can my pension be taken away?
No. A pension is a contract, and there are many legal protections when it comes to alterations to that contract. If there are changes to the benefits or design of the system, for the most part, these changes would affect future employees. This is not to say there can’t be any changes, but there are many protections in place.
It’s not exactly a secret that he keeps his pension. Remember – it’s contributory the state only matches 6%. Thanks to conservative investing it’s one of the most fully funded state government pensions in the country.


2015 years 8 months ago

take comfort in knowing NC taxpayers are funding his $71,000 state pension. Nice to know a state employee can be convicted of a felony and still retain his retirement benefits. That includes far better health insurance than anyone will get under Obamacare

2015 years 8 months ago

Understand Tom that the BC BS retirees plan is secondary insurance to Medicare. Is it better than Obamacare? Get me a policy and I’ll compare it to BCBS.
As for funding Easley’s pension.
I’ll wait and see how much McCrory’s 1,000 appointees will cost us for retiremetn benny’s given his penchant for handing our big pay raises…


2015 years 8 months ago

a lot of gum beating.

My entire point was he committed a feloneous act while Governor. He was convicted.

He gets to keep his pension.

How it is calculated; what happens to it if he dies, really does not mean much to me.

It’s being a convicted felon and still being allowed to draw a pension

2015 years 8 months ago

99% of state retirees are not gaming the system but it can be done.
(The example below happened in California)
Guy gets elected Mayor of a small town, starting salary of $13,000 per year. He knows all council members and over a period of 12 years gets his salary raised to $25,000 per year.
he convinces the council to pay him $90,000 for the last 3 years of his last term.
His retirement income is based upon his highest 3 years of service, meaning 66% of $90,000 or $60,000 per year.
His salary and raises once elected were protected info under the states privacy laws (this is a personnel issue).
I believe all this has changed since the uproar but thats how the system can be gamed.
On the Federal level you have Presidential appointees who’s jobs terminate upon the White House changing hands. Those appointees stay in the cabinet departments but at a lower paying job. (And are protected by the Civil Service Act) They get a Federal pension based upon their appointed position’s salary.

So guys like Cheney who were deputy director for hop scotch regulations then get into the pentagon then the VP’ office have long standing government service and HUGE pensions.
When you look back at their Bio’s and see the various positions they’ve held you begin to see how all politicians take care of their own – and they sure do get all co-operative and bipartisan when they create the rules don’t they? For the big boys it’s all about who you know.

2015 years 8 months ago

You insinuated the taxpayers are funding his $71,000 per year retirement – he paid into it and has done so for many years. Since 1982 I believe.
MY POINT was that according to the state retirement system it is a contract and there are no laws that say a convicted felon cannot collect his pension.
Contact your Representative to get a law passed about this.
HINT: don’t expect it to happen – these guys take care of each other. They become very bipartisan about things like this.


T. W. Duke
2015 years 8 months ago

So how can a gentleman of fortune like me find these great and overly paid jobs… I’m tired of being poor and you seem to be very knowledgeable about this form of social commerce necessary to find this kind of employment. Who exactly do I need to know? What do they like? Would a nice valentine card be an acceptable form of acquaintance or should I just “friend” them on Facebook?

If you could pass it along I would like to be the Governor of American Samoa… I want a hammock and I want to drink enough rum to forget I have feelings.

Wait… Isn’t this article just about an ex-con getting his license to practice law back?

T.W. Duke

2015 years 8 months ago

Just befriend a politician


2015 years 8 months ago

So another crook lawyer gets his license back. He was crooked Governor, convicted of a crime and the good ole boys let him right back in. Yea justice is blind alright!

Wednesday, Thursday, Friday.....
2015 years 8 months ago

Was his/the fine imposed paid?

2015 years 8 months ago

WE the people sure showed him! Our justice system is a JOKE and has failed us!

2015 years 8 months ago

There is an old saying that anyone who represents themselves in a court of law has a fool for a client. I say that anyone who hires Easley is a fool.

2015 years 8 months ago

Considering how he weaseled his way back, I think you’d want to hire him. After all since all Lawyers are unscrupulous liars and cheats…don’t you want the one who has proven he can play the system, crush other people’s lives and win?

Better to be on his side than in his way.

2015 years 8 months ago

Do you also post by the name tweety? You have the same lack of spacing after punctuation in your posting.

paulette corry
2015 years 8 months ago

So, yet another politician gets his hand slapped and goes right back to his power abusing ways. This man is the epitome of everything I dispise about the world of politics.He stepped on people and crushed them on the way to the Governor’s office without any remorse.You may not get yours in this life,Mike Easley,but you and your minions WILL face a day of retribution.

2015 years 8 months ago

Well, stupidity prevails again!. How can the Bar even consider allowing this to happen? Maybe he is running in 2012 for Governor again and those in the East have paid homage to those on the Bar!. Maybe Mike and Mary can open a law office in Southport and represent all those who need a slap on the wrist.
Another failure in our system that is supposed to be to punish those who break the laws. A person who is just an average folk would have not been so lucky. I would lose my professional credentials forever if I broke the law including failure to pay child support.
Time to take this country back


Related News