He's in his 7th term ...
Someone else wrote: “I think that he will get 100% of his full salary as a congressman if he has served one (1) full term.”
You wrote: “He’s in his 7th term ...”
A full pension is available to Members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service at any age. http://en.wikipedia.org/wiki/Congressional_pension.
Since Weiner is 46, he doesn’t meet any of these criteria. So he’ll qualify for a pension, but not a full pension. Wiki gives an example that roughly approximates Weiner’s case: “For example, a member of Congress who worked for 22 years and had a top three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year.” Since Weiner has served only 2/3 as long, his pension presumably would be even lower. So he won’t be in the poor house, but neither will he be living high on the hog.
Had he lasted 11 more years, he’d have qualified for a full pension, which apparently equals 80% of their salary upon retirement http://money.cnn.com/2006/01/20/commentary/wastler/wastler/index.htm Sounds to me like he’d be losing at least $100K a year for the rest of his life compared to retiring after 6 more terms. Then again, he had his eyes on NY governorship, so he likely would not ever have qualified for this higher amount anyway. So what he’s giving up if he retires is his political career, not retirement income from Congress.
FWIW, again from Wikipedia: “In 2003, after James Traficant was expelled from Congress, several Congressmen tried passing a bill that would prevent expelled members from receiving their pensions. The bill was stalled and eventually dropped after being sent to the House Administration and Reforms committee for review” Thus, even if he decided not to resign and waited around to get kicked out, this would not disqualify him from getting his pension!