Posted on 06/29/2025 12:33:39 PM PDT by DallasBiff
Any moron would know not to let Congressmen grant themselves salaries, retirement, and other benefits.
“When one Congress critter lose election AFTER 4 years in office, how much then?
Nothing. Needs five years to be vested.”
Well, Jesse Jackson Jr. was convicted of at least one felony. Yet, last time i checked he was pulling in a cool $8,000/month in federal disability (bipolar or some other nonsense). Not a bad deal if you can get it.
“FERS pension is calculated at 1% PER YEAR.”
Not for members of CONgress and CONgressional staffers. Unless they’ve changed it, their “FERS” pension is calculated at 1.8% per year. You see, they put themselves in the same category as law enforcement and fire fighters. Surprised?
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.
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