Former Mayor Cantrell takes pension in lump-sum

Former New Orleans Mayor LaToya Cantrell is cashing out her pension.

According to our partners at NOLA.com, Cantrell, 53, is taking a one-time payment of $69,500, rather than waiting until retirement age, when she could draw a monthly benefit.

This move locks in her retirement benefit, even if she is convicted on federal charges of fraud and conspiracy to obstruct justice…

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