Posted on 02/13/2014 12:29:14 PM PST by jimbo123
The Texas Republican earned $65,383 in retirement benefits last year; amended disclosure to show he's been collecting one pension since 2006.
Texas Republican John Cornyn supplemented his Senate salary with a trio of public pensions last year from his days as a Texas judge and elected official—a practice some fiscal watchdog groups have attacked as “double dipping.”
Cornyn, who is the minority whip and the No. 2 ranking Republican in the Senate, reported collecting $65,383 in public retirement benefits in 2012 in addition to his $174,000 salary as a U.S. senator.
Cornyn’s office did not respond to requests for comment.
Elected to the Senate in 2002, Cornyn is a former district judge, Texas Supreme Court justice, and state attorney general. In 2012, he collected pensions from three separate state retirement programs.
The biggest of Cornyn’s pensions—$48,807— is from the Judicial Retirement System of Texas. He served on the state Supreme Court from 1991 to 1997.
He reported another $10,132 in retirement benefits last year from the Employees Retirement System of Texas—the pension fund for state elected officials and workers. Cornyn served as Texas attorney general from 1999 to 2002.
In a series of financial-disclosure amendments that he began filing last July, Cornyn disclosed that he had actually been collecting that $10,132 annual pension as far back as 2006. He had not listed it on his original disclosure reports from 2006 to 2010.
(Excerpt) Read more at nationaljournal.com ...
Well Texas is a wealthy state, and they certainly can afford it. Now California with all their >$100 grand/yr civil pensioners, that’s a bit different...
3 separate pensions ???
He needs 4. Please help retire him from the Senate.
Texas early primary voting starts in 5 days.
oh cmon its not like they are going to cut pensions for the military or anything. let him have his cake
Crooks to the left, Crooks to the right. Wake me when we storm Washington.
Yep. Help Cornyn draw another pension.
Retire him from the Senate.
So Cornyn will be drawing 4 pensions?
Yep, he’s just like us. He says so in his ads.
Hehe heh...
If he qualifies, then he should keep his pensions AND his employment. It’s up to his constituency as to whether or not he continues to draw his salary.
When he retires, his congressional pension will be nearly $3,000 per month for each year of “service”. 20 years will yield him $60,000/year.
I don’t object to much in 20 year pension, but to earn 60K for less than 12 years - seems like the TX legislature needs to relook at some of it’s benefit terms.
HEY, HEY!
HO, HO!
Cornyn has to go!
I would get about $400-$500 per month for about 15 years at my job.
too right - to many little things get by us “average americans...to the benefit of the political class.
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