More than I'll ever get.
At least Trump gives his salary and pension to charity.
I didn't see in the article how many terms a congressman must serve to have 80% pension.
Heard Congress is holding out for both no tax on tips and overtime and also no tax of graft by Congress. Or no deal.
“First I lose on the Chinese Yuan money exchange for favors and then I pay tax on the income I can’t money launder. I may just quit Congress.”
Well, duh. If I could vote for my own salary, benefits and retirement package, I would live like a king, too.
Every $50k in retirement payout would require $1m worth of investments in the bank.
This is the equivalent of $3-4m retirement fund for everyone in congress
Miami Herald article Pittenger and Thom Tillis are wealthiest members of Congress from NC By Anna Douglas June 15, 2023.
“Tillis has an estimated $8.9 million in personal wealth, making him the 20th richest U.S. senator. Tillis, who is serving his first term in Congress, is a former PricewaterhouseCoopers and IBM executive turned consultant.”
Finbold site:
Jun 19, 2024 — Thom Tillis’ net worth is estimated to be between $3,254,049 and $11,085,998, according to his financial disclosure report for the year 2023.
Now that is a big difference. Wonder how much is laundered and hidden in numbered accounts.
I would too if I made 2 billion since January.
Members of Congress should be compensated solely by the states that send them. I don’t think that many of them really know who they are working for, except for Dems, they work for the Lord of Darkness.
Decrease their benefits each term of service. Maybe they’ll retire earlier.
Nice Work If You Can Get It.
Ridiculous. And they don’t even fund most of it themselves.
Want to lower the deficit? Start there .
Ge, hey don’t they have to go on Social Security like us common folk do?
“Members of Congress are eligible for a pension dependent on the member’s age at retirement, length of service, and salary.”
U.S. Office of Personnel Management. “Eligibility.”
The pension value can be up to 80% of the member’s final salary, which is $174,000 per year. At an 80% rate, that’s a pension benefit of $139,200.”
I believe some government workers can also draw up to 80% of their salaries when they retire. Am I wrong?
These people should not have pensions. Being elected to office should not be a career.
Congress is an elected office not a career.
There should be no benefits when out of office.
Any moron would know not to let Congressmen grant themselves salaries, retirement, and other benefits.
The delimiting terms - years of service, latest salary before retirement and age at retirement are common delimiters in many government and private pension plans. Yes a “lifeer” Congress critter is going to do very well (one the bennies of keeping a Congressional seat a long time).
It takes a lot of assets to get a retirement you can actually live on comfortably. Being self employed for 40 plus years I managed to retire in 2 months on $120K a year and still have 3 paid for houses and ZERO debt for many many years. ZERO debt is the answer to being able to retire.