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2011-12-16

Rick Perry collects early retirement but...

Texas Gov. Rick Perry makes nearly $225,000 a year, but a good chunk of it comes not from his state salary, but from his retirement benefits.
Perry is paid $132,995 to run the state of Texas, but he also collects a monthly annuity of $7,698.96 – more than $92,000 per year – in early retirement, according to disclosure forms filed with the Federal Election Commission.  
His only liability is a 2006 student loan for between $100,000 and $250,000 with an interest rate of 3.875%. A second student loan with a higher interest rate – 8.25% -- was paid in full earlier this year.
Sullivan said the loan was used to send Perry’s son Griffin to Vanderbilt.
Until August, Perry held a number of stocks and municipal bonds in a blind trust. Perry liquidated the trust when he declared his candidacy for president because it did not qualify as a federal blind trust.
The holdings “have been largely liquidated into cash or cash equivalents,” Sullivan said.

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