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

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