Joe Paterno in line for annual pension over $500,000

"Paterno's pension records obtained Tuesday from the State Employees' Retirement System credit him with more than 60 years in the system. The formula used to determine benefits makes him eligible for a pension equal to 100 percent of the average of his three highest-salary years. . . There also is a long-service supplement that could boost Paterno to 110 percent of his final average salary ($568,000).

The New York Times also reported Tuesday night that Paterno transferred full ownership of his house to his wife, Sue, for $1 in July. The couple had previously held joint ownership of the house. Paterno's attorney Wick Sollers told the paper in an e-mail that the transfer had nothing to do with the scandal but was part of an ongoing "multiyear estate planning program.""

Paterno has not been charged with a crime. However, the investigation into Sandusky's behavior had been going on for 9 years, 2 years with the Grand Jury.

Penn State Nittany Lions scandal -- Joe Paterno in line for annual pension over $500,000, according to review - ESPN