UPDATE: The Virginia Senate passed the Thomas Haynesworth bill and now it is up to the House of Delegates to vote on the measure.
RICHMOND – Senator Henry L. Marsh, III (D) is pleased that the Senate Finance Committee unanimously approved the claims bill that he submitted to compensate Thomas E. Haynesworth for 27 years of wrongful incarceration. Marsh amended his original bill that based on state guidelines, only allowed compensation for 20 years. The substitute bill, as passed, takes into account all time served.
Incorporated into SB 41 was SB 649(Donald McEachin D, Richmond) that credits Haynesworth with 27 years of service in the Virginia Retirement System. Read senate bill (sb649) here http://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB649
Will Thomas Haynesworth have to pay taxes on his just over a million dollars compensation from Virginia? Listen to my interview with Senator Donald McEachin, District 9, Virginia General Assembly
The provisions of the bill will give Haynesworth $1,075,178.00. He will receive a lump sum payment of $215,036.00. The sum of $759,232.00 will be used to purchase an annuity with structured payments based on consultation with Haynesworth and his attorneys. $100,910.00 will be used to purchase an annuity for the VRS portion of the bill. Haynesworth is eligible to begin receiving the VRS benefit monthly at age sixty.
Sen. Marsh stated, “Though we can never give back the years Thomas spent in prison, I am glad that Virginia is taking this step to help him gain sound financial footing.”
Stay connected and updated on legislation introduced at Virginia’s General Assembly for session 2012 at www.kissrichmond.com with Miss Community Clooovia
From: Valerie Braxton-Williams