By Robert LongleyJuly 18, 2003
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I know they don’t pay into or recieve Social Security but there is an E-mail circulating that their pay does not deminish in their retirement, is this true?
I’m afraid you’re wrong they do pay into SS and have since January 1, 198. Check your facts before you make a statement.
They continue to receive their FULL pay after retirement and in the vent of their death, their spouse receives their pay. They also vote in their own pay raises without any input from anyone else.
Members of Congress are not eligible for a pension until they reach the age of 50, but only if they’ve completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension.
The amount of a congressperson’s pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member’s retirement annuity may not exceed 80% of his or her final salary.
According to the Congressional Research Service, 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006.
“Please also note that Members of Congress have to serve at least 5 years to even receive a pension.”
A WHOLE 5 years to receive a pension equal to 100% of their current salary?? WTFlak is wrong with us accepting that? Do any of YOU get that kind of benefit at work? I sure as sh*t don’t – I’m lucky if I get my employer to cough up a whopping $3,000 towards my 401k, which will be worthless come August 2, 2011, if congress doesn’t get off their a**es and pass legislation to fix our current debt situation.
We PAY these people! WTFlak are they doing to earn it?!?!?
So even if they’re voted out of office – which would be the parallel to a civilian worker being fired; they would still get their entire pension if they met those Aforementioned marks? That doesn’t seem right. If they get voted out then they weren’t doing their job. Why do they get rewarded for that? Maybe if a policy like this was in place they wouldn’t feel like it was a big deal to NOT work hard for their constituents.
Oh and Jeff is right – we are retired military and we get 50% of base pay after 20 years of service – which included two wars.
“A WHOLE 5 years to receive a pension equal to 100% of their current salary?? ”
“By law, the starting amount of a Memberís retirement annuity may not exceed 80% of his or her final salary.”
Please read before posting next time
Nice Plagiarism under post “Chad says”. Why don’t you try and site you reference (Longley, 2003)? May be if people would learn to do there research and site their references we would not get as many unwarranted and fact less posts. Also by referencing the online discussion it may direct people to all the content that is highly informative.
Longley, R. (2003, July 18). How much do u.s. congressmen make? [Online forum comment]. Retrieved from http://usgovinfo.about.com/b/2003/07/18/how-much-do-us-congressmen-make.htm
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