- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
LaToya Cantrell is cashing out her city pension. Here's how much money she'll receive.
Posted on 1/22/26 at 10:25 am
Posted on 1/22/26 at 10:25 am
quote:
NEW ORLEANS —
Former New Orleans Mayor LaToya Cantrell has decided to cash out her pension.
According to records obtained by WDSU, instead of receiving monthly payments from her pension when she turns 65, Cantrell has opted to receive a lump-sum payout.
Had she opted to receive payments at the state retirement age of 65, she would not get her pension until 2037, and it would be around $3,000 a month for the eight years she served as mayor.
Cantrell, who is facing federal criminal charges, could lose her entire pension benefit if convicted or if she pleads guilty to the charges she is facing, which include wire fraud, making false statements, obstruction of justice and false declaration before a grand jury.
Cantrell has plead not guilty.
Her pension benefits are based off her highest salary as mayor. She made almost $200,000 when she left office earlier this month.
Cantrell will not get a full payment. She is required to withhold 20% of her pension for tax purposes.
https://www.wdsu.com/article/new-orleans-former-mayor-latoya-cantrell-pension-cashout/70077622
quote:
According to state records, Cantrell will receive a lump-sum payment of around $69,000 from her pension.
This post was edited on 1/22/26 at 10:33 am
17
Posted on 1/22/26 at 10:28 am to Shexter
This post was edited on 1/22/26 at 10:29 am
Posted on 1/22/26 at 10:30 am to Shexter
Bitch should be in prison.
Posted on 1/22/26 at 10:32 am to Shexter
Can your convert that figure from dollars to margaritas?
Posted on 1/22/26 at 10:33 am to Shexter
Not even enough for bail.
Posted on 1/22/26 at 10:33 am to yaboidarrell
quote:
Bitch should be in prison.
Probably why she's cashing it in before she goes to prison. She sees the future.
Posted on 1/22/26 at 10:34 am to Shexter
Prolly needs it to pay her lawyers.
Posted on 1/22/26 at 10:41 am to Cracker
If the new administration had a backbone, they’d deny payment under a reservation of rights based upon Cantrell’s pending criminal charges as a basis for outright denial of pension.
Posted on 1/22/26 at 10:49 am to LSU=Champions
Do the taxpayers get refunded the $69k if she’s convicted?
If so, good luck with that.
If so, good luck with that.
This post was edited on 1/22/26 at 10:50 am
Posted on 1/22/26 at 10:57 am to Townedrunkard
Yes, but it’d still require a hearing to evaluate the nature of the offense and any mitigating factors to consider. Basically another layer for the judge to lessen the forfeiture penalty amount.
Assuming city successfully gets past that stage, then the city would have to initiate garnishment/seizure proceedings, which knowing Destroya she’d have herself robed in multiple layers of fraud insulating her from liquidity.
Assuming city successfully gets past that stage, then the city would have to initiate garnishment/seizure proceedings, which knowing Destroya she’d have herself robed in multiple layers of fraud insulating her from liquidity.
Posted on 1/22/26 at 11:00 am to Shexter
She's clearly trying to build up a war chest to fight her prison sentence. Phase ta-2 bitch can rot and I wish she could take Avegno's psycho arse with her.
Posted on 1/22/26 at 11:01 am to Shexter
Wait a minute.
2037-2026=11
65-11 =54
Damn that's a rough 54.
2037-2026=11
65-11 =54
Damn that's a rough 54.
Posted on 1/22/26 at 11:02 am to Shexter
Which shows you a lovely little loophole written into the law by the criminal legislators under the guise of fighting corruption...see also the ridiculous thresholds required for a recall effort
If you are under indictment, the lump sum pension payment should not be an option to avoid potential pension forfeiture.
If you are under indictment, the lump sum pension payment should not be an option to avoid potential pension forfeiture.
Posted on 1/22/26 at 11:04 am to Geaux-2-L-O-Miss
quote:
Damn that's a rough 54
Holy sheet! She'll be 54 in just a few months.
quote:
LaToya Cantrell (née Wilder; born April 3, 1972) is an American politician who served as the 62nd mayor of New Orleans from 2018 to 2026.
Posted on 1/22/26 at 11:23 am to Shexter
Nobody can stop this queen
Posted on 1/22/26 at 11:30 am to Shexter
Is that all?
I thought it would be more than that.
I thought it would be more than that.
Posted on 1/22/26 at 11:55 am to geauxpurple
quote:
Is that all?
I thought it would be more than that.
She's withdrawing at 54. There are huge taxes and penalties for early withdrawal.
Posted on 1/22/26 at 11:59 am to Rds21275
quote:
the lump sum pension payment should not be an option to avoid potential pension forfeiture.
That lump sum payment is the contributions that she paid into the system. Not free money. That's funds that were withheld from her paycheck. Since the system will not pay her in the future, she is entitled to withdraw the funds she paid in. The article is very poorly written.
This post was edited on 1/22/26 at 12:08 pm
Posted on 1/22/26 at 12:02 pm to Cracker
quote:
Cantrell rich
Subtle.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News