BOLINGBROOK – Drew Peterson doesn't think being convicted of murdering his third wife is a reason to strip him of his pension.
But the Police Pension Board unanimously agreed Thursday to hold a hearing that could do just that.
Last year, the five-member board questioned whether Peterson's conviction terminated his pension rights by committing a "job-related felony," board attorney Richard Reimer said. The board hired Charles Atwell, another lawyer who specializes in pension funds, to review transcripts and evidence from Peterson's trial. In January, Reimer and board members received a one-page report from Atwell saying there are sufficient grounds for cutting Peterson's pension.
"I did not discuss today's hearing with him, but Drew and I have talked about the pension board's plans in general," Peterson's lawyer Steven Greenberg said. "He feels (the conviction) was 'totally unrelated' to his duty as a police officer."
Peterson's fourth wife, Stacy Peterson, vanished in October 2007. Peterson, 60, retired after 29 years on the department the following month when he was identified as the main suspect in her disappearance. He has received $6,000 each month since his retirement.
Stacy's disappearance prompted state police to re-examine the March 2004 death of Kathleen Savio. Peterson was convicted of her murder in September 2012 and is serving a 38-year sentence in the Menard Correctional Center.